Posted To: MBS Commentary

Weaker Retail Sales Casts Vote For Range-Holding Wednesday’s CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. Yesterday’s 30yr bond auction stepped in with a “not so fast” counterpoint, and now today’s Retail Sales data gives us hope that cooler heads will prevail. Bottom line, as of this morning mid-week drama looks to have given way to the same old trading range that’s been intact since April 7th. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Retail Sales 0.0 vs 1.0 f’cast, 10.7 prev Consumer Sentiment 82.8 vs 90.4 f’cast, 88.3 prev inflation expectations (1y) 4.6 vs 3.4 prev (5y) 3.1 vs 2.7 prev Market Movement Recap 08:52 AM Flat in Asia. Modestly stronger in Europe, and now flat …(read more)

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Published On: May 14, 2021 / Categories: Mortgage News /

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