MBS RECAP: Uneventful Gains and a Discussion About "Escape Velocity"

From MBS Commentary
January 9, 2017 - 6:29pm

It was almost a wholly uneventful day for bond markets.  If not for the fact that trading levels improved day-over-day, there wouldn't be much to talk about apart from technicals.  For more on the relevant technicals, check out the Day Ahead. Away from bond markets, the day was made interesting by the news that FHA MIP premiums are dropping (by 25bps for most).  Here's the full story with a table of the various changes. But back to technicals...  The breakout of the long-term bull market in bonds (since 1981) is a hot topic these days.  To be sure, this......(read

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