MBS Day Ahead: Technically There’s an Auction, But…

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Posted To: MBS Commentary

Bond markets will be closed for Christmas tomorrow and only open for a half day today. Volume and liquidity will be mere shadows of their normal selves–especially today–and trading momentum can arrive and depart for no good reason. Technically, there's a 5yr Treasury auction on the calendar, but traders aren't really approaching today like it matters at all in the bigger picture. I won't be writing very much this week, but rest assured, I will be here and I will continue monitoring markets like a hawk and sending out alerts as needed. Even so, you should never rely solely on my written alerts. I highly recommend you set up automated alerts HERE and refine them over time to suit your individual needs. This way, if I'm struck by lightning or hit by a meteor, you'll still…(read more)

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