BlueMonk10

Mortgage-Backed Securities Test 6/14/22 Lows. MACD Turns Lower

NASDAQ:MBB   iShares MBS ETF
Mortgage bonds are taking a hit and testing June 14th lows, following a higher-than-expected August inflation reading of +8.3% y/y ( vs expected +8.1%). MACD is crossing down through the signal, reflecting the downward shift in momentum. It remains to be seen whether to Fed will hike 75bps or 100bps at their Sept 20-21 meeting. Given their steady hawkish remarks regarding their commitment to battling inflation, some speculate we could see the latter.
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