mortgage backed securities bonds interest rates mortgages fed: Lots of interest rate volitility - be careful - 12/09/10 05:31 AM
Since November 12th the bond market and the mortgage-backed securities (MBS) market specifically have seen a lot of volitility with strong selling pressure.  There have been six big down days over this time, only two of which were isolated.  Conversely, the up days have been much smaller and the sellers have come in to squash any rebounds.  From a technical side, the selling pressure has pushed bond prices down through the moving averages and technical support levels and we are now at a point leaving us to wonder where rates will settle.  The good news is that the RSI is very … (0 comments)