Posted To: MBS Commentary

Best Levels in Months After Much Higher CPI Data (No, Really!) If you’d told someone that core annual CPI would come in 0.4% higher than expected at a staggering 3.8%, but that Treasuries would rally to the best levels in over 3 months, people just might think you’re crazy. Crazy was the reality today. After a token sell-off in the 20 minutes following the CPI data, bond traders only had 2 buttons to push, and they both said “buy!” Some of the buying was outright, but we’d attribute most of the momentum to short-covering. That carries some implications for lock/float strategy in the coming days, and today’s video discusses those in detail. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm CPI (m/m) 0.6 vs 0.4 f’cast, 0.8 prev Core Annual CPI 3.8 vs 3.4 f’cast…(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: June 10, 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.