ALERT TO LOCK

Posted on June 14, 2011 | Leave a comment

Alert to Lock the MBS broke below the 200 day moving average, on rising inflationary news. Tomorrow we have the CPI numbers which could further erode the bond market given that we did fall through that 200 day floor.  To exasperate the issue we fell off the Up Escalator, putting a short-term end to our rate rally.

 

This entry was posted in Daily Updates and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s