Mortgage backed securities (MBS) close down 9 basis points today at 100.09 having traded in a 75 basis point range and having once again come to close above the critical 200 day moving average support level.  Closing above that level should be a positive sign but with Chinese rates on the rise, sensitivity toward rising rates could spook tradters.  Also Friday's jobs report, if a positive, could cause traders to run for cover. 

 
Posted by Jeff Jensen on 07/06/2011 06:24 PM   Comments (0)   Market Activity in the ActiveRain Channel  
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