MBS Day Ahead: Potentially a Very Informative Day

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Posted To: MBS Commentary

bonds have obviously been 'up to something' since Yellen's speech it could be that traders are showing their hands early for the next momentum move The most informative eventuality would be the most stressful: strong jobs numbers That would give underlying trading positions a chance to show their true nature The varying levels of NFP's importance over the past few years has been interesting, to say the least. This is a report that will ALWAYS be important to enough traders that it should ALWAYS be treated with respect from a risk standpoint. That said, there are clearly some instances where the importance ebbs. For several reasons, now is one of those times. Let's think about it: is it really going to surprise anyone if job growth itself remains strong? Payroll counts have…(read more)

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