MBS Day Ahead: Don’t Expect Much and You Won’t be Disappointed

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Posted To: MBS Commentary

I could go on and on about why it makes so very little sense for today to be a business day and for Thursday to be the official Thanksgiving holiday. To add insult to injury, the powers that be in the bond world have decided today should be a half day. Would it not make more sense to reassign Thanksgiving Day to the 4th Friday of the month and then create a another holiday for Thursday? We could call it "Meal Prep Day" or "What Do You Mean You Only Have Frozen Turkeys Day?" With the above proposed changes, we could have the half day on Thursday and then a full day on Friday. Same amount of closed time, but much less angst. Let's get a petition started! But I digress. Today is indeed a market day, sort of… It tends to be one of the most random market days of the year…(read more)

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