Posted To: MBS CommentaryWhat is a “dip buyer?” A “dip” refers to a drop in the price of an asset in the financial markets. In this case, a dip in bond prices would correspond to the recent rise in Treasury yields. Dip buying would actually be better described as “yield spike buying” because the important technical levels that can often serve as cues for Treasury buyers are always identified in terms of yield (different story for MBS). Back in June, 2020, the two big yield spikes topped out at .932 and .959. More recently, .975 was the highest ceiling (4 weeks ago after the Pfizer new), and they’ve come close on at least 5 other occasions in November. This behavior speaks to a general truth of big-picture technical levels : they’re often best thought of in terms of a ” zone…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.