Posted To: MBS Commentary

Can The Good Times Keep Rolling? Referring to the past 3 days as “good times” is questionable. Perhaps “times” would be better? Still, the past 3 days are definitely good compared to where bonds left off at the end of last week. Either way, the important question is whether rates/yields can continue making progress toward lower levels. Anything’s possible, but significant progress will require significant fundamental motivation (weaker data, uptick in covid, etc.). For now, we’re still viewing this as a consolidation of the past 3 weeks of losses with the next big move remaining a mystery. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Producer Price Index – 0.5 vs 0.6 f’cast (m/m) – 6.8 vs 7.1 f’cast (core, y/y) Jobless Claims 293k vs 319k f’cast…(read more)

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