MBS Day Ahead: The Theme is “Waiting”


Posted To: MBS Commentary

After having waited a day to begin trading this week due to yesterday's Columbus Day holiday, bond markets will spend today waiting for the week's more relevant data and events. Those will begin in earnest tomorrow with two Treasury auctions (3 and 10yr) and the Fed Minutes (more detailed recap of most recent meeting). Thursday brings the end of the week's Treasury auction cycle and Friday brings the week's biggest economic reports with the Consumer Price Index and Retail Sales. Throughout those four days, we'll hear from various Fed speakers , but the lineup doesn't suggest any major bombshell potential. Specifically, Kashkari, Kaplan and Evans haven't changed their tack recently, and they account for half of this week's speaking engagements. Moreover, there…(read more)

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