Posted To: MBS Commentary

Due to the presence of bigger ticket economic data (among other things), it was fair to expect more volatility in the current week compared to the previous week. But volatility goes both ways and the new week is starting out with “the good way” for bonds. Traders seem willing enough to react to economic data right out of the gate. That implies the rest of the week could be just as interesting. Of specific interest this morning is the noticeable drop in the “prices paid” component of the ISM Manufacturing data–the biggest drop since the start of the pandemic. Granted, in outright terms, prices are still at levels not seen since before the financial crisis (and even then, only briefly), but it was nonetheless a big enough drop to make a case for the top being in. We can confirm…(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: August 2, 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.