Dec. and Jan. Months In Review: By The Charts
ByPosted To: MBS Commentary
Let's try something a little different for the weekend… No novel tonight. Lock/Float considerations were well discussed earlier in the day. But when we move like we did today, I get the urge to psychoanalyze the charts. So here's a tale of 9 charts, about which I'll say little if anything other than what's already been written on the them. Use the comments section to discuss what sticks out to you and we'll revisit these long term trends next week. But first, price action over the last 2 days at least deserves it's own chart! So, we see bonds seemingly tail off with no particular "mission" evident, but when we zoom out to a monthly view, we see the first argument against the "random walk" lower in yield So not only are MBS (in green) and Tsy's…(read more)