MBS Day Ahead: At Least There’s a 10yr Auction

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Posted To: MBS Commentary

If you've been putting something off that you might be able to chip away at with an extra 5 minutes each morning this week, but simply can't bear the thought of not reading this commentary, this may be the best week we've seen all year to tune out. I'm a great self-promoter, I know. But seriously, much like the lines on the charts, I have a certain amount of space to fill based on a certain amount of time passing. Some examples of that filled space will be more interesting than others depending on what markets give me to work with. If it's not abundantly implied, markets aren't giving anyone much to work with this week. There are effectively zero instances of relevant economic data. Apart from Friday's potential Senate tax plan announcement, there isn't much…(read more)

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