MBS RECAP: Bigger-Picture Concerns Back to Forefront After ISM

Facebooktwitterlinkedin

Posted To: MBS Commentary

Heading into last week's Fed announcement and economic data, the analysis was starting to get a bit gloomy. It wasn't the first time I talked about the size and scope of 2019's rally increasingly suggesting its demise, but like the rate spike in mid September, it was one of the more serious occasions. Now, 3 short days after yields seemed to be stampeding back toward all-time lows, here we are again at the same troublesome levels that prompted the doom and gloom 2 weeks ago. I could say something to the effect of "things are more serious this time," and I could make a pretty compelling case for that. It would likely draw on the trade deal progress and the resilience in a few key pieces of recent economic data. But instead, I'll say, things are AS SERIOUS now as they…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons