Posted To: MBS Commentary

New Week, New Weakness The new week wasted very little time in reinforcing the realities of 2021. This is a rising rate environment until further notice and any rapid correction toward lower rates will take some serious motivation. That motivation could take several shapes and if we’re talking about a more temporary and moderate correction, it could be as simple as the hand-off from March to April (or Q1 to Q2) tradeflows. There are still several days to go on that front and today quickly became overwhelmed by corporate bond issuance and additional selling related to portfolio allocations for the end of Q1. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:26 AM Modestly stronger during the first part of the overnight session. Quick, but moderate burst of selling…(read more)

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Published On: March 29, 2021 / Categories: Mortgage News /