Posted To: MBS Commentary
4th Straight Day Inside Last Thursday’s Range Last Thursday was the best rally day we’ve seen in months and it took yields to their lowest levels since early March. Against that backdrop, it seems like a sort of victory to be able to remain inside Thursday’s trading range for the past 4 days. Trading levels aside, the lack of volatility can be chalked up to an absence of significant market movers. The calendar picks up a bit tomorrow with the ECB announcement and Jobless Claims bright and early. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:33 AM Very flat during Asian hours with a small bump higher in yield at the start of EU trading hours. Bonds have been bouncing back since then and are now unchanged vs yesterday at 1.57% in 10yr yields and 103…(read more)
