Posted To: MBS Commentary

Last week ended with snowball selling in the bond market. Given the approach of a holiday weekend, there was a chance that the weakness was overdone and that we’d see a bounce back today, but it didn’t take long for those hopes to be crushed in overnight trading. This is the kind of bond market weakness that forces analysts to find/amplify root causes after the fact, because there really hasn’t been a strong case for this much selling (even if there’s a well-understood case for steady selling in general). To be clear, evidence in the “well-understood case” is as follows: Plummeting covid case counts Businesses weathered the Dec/Jan surge much better than the initial lockdowns in the Spring Vaccine distribution improving Economic data at home and abroad has been resilient…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: February 16, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.