Posted To: MBS Commentary

There is always a lull in covid reporting over the weekend as several states no longer publish weekend data. Monday’s counts are thus informative as it’s the first time in 3 days where we get a good sense of week-over-week changes. There were roughly 128k cases reported in the US this Monday versus roughly 89k last Monday. That’s not entirely unexpected, but deaths are a different story with the corresponding counts being 452 this week versus 271 last week. Caveats abound, and it’s early to assume the correlation will hold, but if it does, it would only add to the bond market’s insulation in the short term. Here’s a chart-fest to compliment our ruminations on such matters: First off, when looking at raw, daily numbers, such as the following from JHU’s covid dashboard…(read more)

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Published On: August 3, 2021 / Categories: Mortgage News /

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