MBS RECAP: Bonds Fade With Tariff Talk and Supply Fears


Posted To: MBS Commentary

Bonds were moderately stronger in the overnight session thanks to European political uncertainty, among other things. One of those "other things" could simply be the fact that Friday afternoon's weakness was a bit overdone simply because it occurred on a Friday afternoon (traders not wanting to be over-exposed heading into a weekend with or without European political uncertainty). Domestic markets really started moving when doubts were cast as to the viability of the Trump's tariff announcement. Sorry about the passive voice there… To be specific , newswires cited Republican leaders as urging Trump not to advance on the planned tariffs. Other sources said the GOP wouldn't rule out "potential action" if Trump doesn't back down. Trump subsequently said he…(read more)

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

Show Buttons
Hide Buttons