Posted To: MBS Commentary

Snowball Selling in Bonds After Mid-Week Rally Fizzles We were looking for a friendly correction in bonds this week and it arrived on Tuesday and Wednesday. Those sorts of corrections run the risk of being 2-day affairs and that is unfortunately shaping up to be the case this time around (a risk we discussed yesterday due to the modest weakness). Today’s otherwise inexplicable selling pressure confirms that the mid-week rally was just the bond market’s way of taking a breath before singing the next verse of the selling song. There is some small chance that traders are just closing out positions ahead of a 3-day weekend, but that’s not the kind of possibility you want to bet on from a rate strategy standpoint. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Consumer Sentiment…(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: February 12, 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.