MBS Week Ahead: Absolutely No Significant Data Ahead of The Fed

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Posted To: MBS Commentary

If it weren't for the Fed Announcement on Wednesday, this would look like a prime vacation week for market participants as there is a distinct lack of relevant economic data. In fact, there's only one top tier report: Friday's Durable Goods. Making the dearth of data even more striking is the fact that there aren't even any 2nd tier reports on the first 2 days of the week. It's not until Fed day (Wednesday) that we get our first sniff of econ data in the form of February Existing Home Sales, and that's not a report that tends to be much of a market mover. All of the above places an inordinate amount of market movement potential with Wednesday afternoon's Fed festivities. There are 8 Fed meetings/announcements on the schedule every year. 4 of them are limited strictly…(read more)

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