The AM So Far...
- 7 Ticks up on 4.5's, ticks up on the 10 yr
- 10yr futures above resistance (good)
- Not yet at Friday's opening levels, but rapidly approaching 99-00
- closing at or above 99-00 would cause confirmation of Friday's downside breakout to FAIL. (that would be good)
- No data today, rest of the week brings auctions and MBS settlement for Frannie 30 yrs...
Recap of Previous Session
- Ugly AM sell-off on Friday following upside shocker on NFP
- Recession apparently over... (overstatement)
- Selling moderated by close and we recouped half of AM loss
- shot below major resistance at 99-00, would require confirmation today by staying below that level
In The Time It Takes To Type... (NEW!)
- Officially AT 99-00 right now!!!!!
- This is by no means an indication of the rest of the day, but it's about the best way we could have asked to start out...
Not a normal AM chart, but notice the 115-00 price level on tsy futures and how we are holding above at the moment. Notice also how the current session's trading range never reached the lows of Friday's trading range, both good things. Both increasing the possibility of a green day...
MBS Market Alerts
