November 29th Mortgage Market Wrap-up 4

Mortgage backed securities (MBS) closed up 3 basis points today at 104.31 having remained in a channel below resistance offered by the  50 day moving average and above support offered by the 100 day moving average.  With few traders in action on this shortened post Thanksgiving trading session, bond markets barely moved today.  There no real signs in the Japanese candlesticks to forecast any short term change in bond prices or interest rates.