MBS Day Ahead: 6 Years Later, Today’s Fed Day Should Be a Bit Different


Posted To: MBS Commentary

In the day just past, bonds surged to the best levels since 2017, with 10yr yields coming within 0.002% of the lowest yields since Nov 2016. The key market mover was a speech from European Central Bank President Mario Draghi in which he essentially promised further monetary easing and rate cuts. Bonds lost about half the gains mid-morning following a Trump tweet about progress with China on a trade deal. In the day ahead, we'll turn our attention to our own central bank. The only major item on the agenda is today's policy announcement from the Fed. So much has changed since the Fed's last meeting (which happened right BEFORE all of the following: China trade war escalation beginning with Trump tweets in early May British PM May's resignation Mexico tariff tweets that pushed…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Show Buttons
Hide Buttons