MBS RECAP: Small Scale Volatility Lost in Big Picture Shuffle


Posted To: MBS Commentary

In the bigger picture, we'll look back at today's intraday trading range and it will be completely meaningless–among the narrower days of 1st quarter of 2019. That's because, like yesterday, nothing interesting happened to motivate any meaningful movement. If that's all the more you'd like to know about today, feel free to go about your business and check back in tomorrow. You won't be missing much. For those of you that noticed the intraday mini-spike in bond yields, I'm afraid I don't have much more for you. We discussed this in detail in MBS Live and I spent most of the Huddle video time discussing it as well. Ultimately, there was no good case to be made for correlation with British markets, news, data, events, or the stock market (even though I saw several…(read more)

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