MBS Day Ahead: Fed Day, Bounce Day?


Posted To: MBS Commentary

I'm going to talk about the potential for a friendly bounce in bonds today. I want to be clear right up front that I'm presenting this as one of two possibilities, and without any comment on which possibility is more likely. It's just that we've sort of beating the "rates are going higher" thing to death–at least for the time being. The possibility, threat, or perhaps even likelihood that rates can, will, or should go higher isn't going anywhere . It's something that should be part of your survival strategy for however many more months it continues to be the case (yes, I think we can count it's remaining lifespan in months, not years). Our most recent trend toward higher rates has coincided with a bounce in stocks . Going back a few weeks before that,…(read more)

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