Billy Abrams is in Correspondent Business Development at AD Mortgage and is the CEO of IF Securities. Abrams has experience in commodity futures and options brokerage and trading, as well as in institutional fixed-income sales and trading. His product experience includes repo, treasury, agency, corporate, MBS and derivatives. Prior to joining AD Mortgage, for more than a decade, he worked exclusively with mortgage originators, helping them to hedge with TBAs.
Treasury yields are diverging, charts are breaking down and trading looks two-sided into the FOMC, according to the CEO of IF Securities.
Treasury moves look less about data or auctions and more about gaps and channels, with PMI next to decide direction, according to the CEO of IF Securities.
Markets brushed off mixed, stale data as tariff news sparked a brief rally, but open Treasury gaps kept bond signals cautious, according to the CEO of IF Securities.
Treasury yield breakouts signal technical damage, with higher yields likely before any recovery despite choppy markets, according to the CEO of IF Securities.
Treasuries sold off sharply after reports Danish pension funds are exiting, steepening the yield curve as stocks fell and gold surged, according to the CEO of IF Securities.