Optical illusion for midday mortgage-backed securitizations

Today’s trading is kicking off the week in a mostly typical Monday sort of way with ranges relatively contained, volume on the light side and limited data to digest. The only thing providing a semblance of activity on the MBS Live Dashboard 2-day chart is the fact that Friday’s range was similarly narrow, thus making today’s 4-ticks between highs and lows seem bigger than they actually are.

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