MBS Week Ahead: Bonds Weighing Options on Holiday-Shortened Week

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Posted To: MBS Commentary

SIFMA recommended early close for markets (2pm ET) on Thu and full close on Friday Friday is NOT a bank holiday Bond markets in equivocal territory in terms of momentum Data limited, but Durable Goods on Thu and GDP on Fri This week brings the Good Friday holiday, resulting in a full market closure on Friday and an early close on Thursday, as recommended by SIFMA. That means Friday WILL be a rescission day, but bond markets won't be moving. As such, there is no scheduled commentary for Friday. There will be data though. In fact, the 2 biggest reports of the week will be out on the holiday-affected days. Thursday's data is arguably bigger as Durable goods is a more timely release. It covers the month of February, whereas the Final GDP numbers on Friday are merely a revision to data from…(read more)

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