Posted To: MBS Commentary

Strong, Calm Week. Next Week Might Be Different Saying “next week might be different” is of questionable value when it comes to financial markets. Every week might be different! That said, some hold more volatility risk than others. There was a moderate amount of risk this week, but it waned after the Fed announcement. Next week is a bit more consequential. In addition to bringing the biggest economic data of the month, it is also an important week for covid data tracking given where we are in the current wave. Cases should continue to rise and that should continue to insulate bonds against heavy selling, but the current rally is showing signs of maturity just the same. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Core PCE Inflation 3.5 vs 3.7 f’cast, 3.4 prev Chicago PMI…(read more)

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Published On: July 30, 2021 / Categories: Mortgage News /