MBS Day Ahead: New Tariff Announcement Keeps Bonds In Recent Range


Posted To: MBS Commentary

The first two days of the week were largely spent lamenting the slow and inconsequential nature of summertime trading in the bonds market. At least that's how I spent them. Superstitious market watchers would quickly point out that such lamentations invite unexpected volatility. While I wouldn't go so far as to use either of those words ("unexpected" or "volatility"), there is definitely more going on today compared to the past 2 days. Looking at the candlestick chart on MBS Live (or anywhere else, for that matter) it would be easy to get the wrong idea about the increased activity. Today's candle looks quite a bit tamer than the previous 2 days. That visual suggestion belies reality though. Volumes as of 9:30am are already right in line with Monday's at…(read more)

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