MBS Week Ahead: Shutdown Data Finally Starts to Flow as Next Shutdown Looms


Posted To: MBS Commentary

The two key fiscal issues at the moment are the trade deal with China and the expiration of temporary government funding at the end of this week. Between those two, the trade deal is by far and away the bigger deal for markets. The shutdown is still important, however, due to its impact on economic data at a time when economic data is being watched incredibly closely. Of the reports that were silenced by the shutdown, Retail Sales was probably the most missed. After all, December tends to be sort of a big month for such things, and that's the data we'll finally get on Thursday. That's the week's only top tier report . It's also the first report of any significance as we doubt anyone would believe Wednesday's CPI on the off chance it showed inflation picking up. Before…(read more)

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