Posted To: MBS Commentary

One of the most notable themes of the past year is the relative unwillingness on the part of the bond market to make a big fuss over individual economic reports. The explanation is that the data will ultimately follow the course of the pandemic and that the more important data would be that which came into focus as case counts fall in response to vaccinations. We’ve arguably (hopefully?) reached that point in the pandemic, and as of last week, we saw bonds react to the data in a more noticeable way. If that’s the case, and not just coincidence, this week has the potential to be very informative. The biggest data point this week will be Friday’s jobs report. Many jobs reports have come and gone since the start of the pandemic only to have laughably small impacts on bonds. Last month’s…(read more)

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Published On: May 3, 2021 / Categories: Mortgage News /