MBS Day Ahead: Apparently, It’s Not Over Yet

Facebooktwitterlinkedin

Posted To: MBS Commentary

In the day just passed, we considered a rather melodramatic question ("is it over?"), which refers to the general strength in the bond market seen in August and our ability to maintain (or improve upon) the lowest rates in 3 years. Early weakness came from the European bond market following more reports that Germany was considering fiscal (not monetary) stimulus. A general " risk-on " bounce was also in effect following last week's lows in stocks and bond yields. It was a fairly quiet session, however, and we surmised it was simply a logical opportunity for markets to consolidate amid a relative lack of market-moving headlines. In the day ahead, we'll bask in the confirmation of yesterday's assessment. While these things can never be known ahead of time, it's…(read more)

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

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons