Posted To: MBS Commentary

Why Are We Losing Ground Today and What’s The Implication? Due to its timing and size, today’s bond market weakness may suggest the short-term rally is reversing course. One single day of selling is usually never enough to confirm such things and today is no exception. Nonetheless, it’s the riskiest day we’ve encountered since yields topped out on January 12th. Economic data actually seemed to play a part in this drama, but there are big picture technical considerations as well. Today’s huddle video discusses these motivations (and their implications) in greater detail. Econ Data / Events Fed UMBS Schedule 10am, 1130am, 1pm Q4 GDP 4.0 vs 4.0 f’cast Jobless Claims 847k vs 875k f’cast, 914k prev New Home Sales 842k vs 865k f’cast, 829k prev Market Movement Recap…(read more)

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Published On: January 28, 2021 / Categories: Mortgage News /