Just a heads up as both stocks and MBS are moving in lock step. After stocks dropped from plus 160 to up 70, MBS rallied back to unchanged or plus 1/32nd on the day. Since then, stocks reversed course and rallied to post a plus 212 on the Dow. At the same time MBS were off 5/32’s (almost plugged the trigger on a worsening price change). Stocks are currently up 160 and MBS down2/32’s. My point here is that the market is a cougar and we are her cubs. Don’t get eaten. If you want to follow the trade, watch stocks as bonds are trading in an inverse relationship.
Stocks and Mortgage Backed Securities are moving in lock step
February 9, 2010|Austin Mortgage Market|
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