MBS Day Ahead: The Readiness is All

Home / Blog / MBS Day Ahead: The Readiness is All

Posted To: MBS Commentary

At this point, there's nothing left to be said or done in preparation for today's NFP data. Bonds stand on the edge of the most recent abyss. This time it's 3.20-3.24%-ish. The specific level really doesn't matter (sorry Gundlach). It's just another visit to long-term highs that will either become a ceiling for some indeterminate time frame or it will serve as a temporary staging area for an even more brutal move higher. Is there a chance that we've overhyped today's potential impacts? Yes and no. It's true that the range of potential outcomes is big enough to deserve hype. But as we've seen so many times, "potential" is often wasted. Big impacts are often delayed. Traders may keep something in reserve for next week's CPI data. In general though...(read more)

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



Source: http://www.mortgagen...

044f8246 63c1 41b3 96e9 523fce248ed4 f840b02d ab1c 4f36 aa82 2dac4b8a2ce9 0d1b02f1 1186 420d ac85 2b2cf6c8c9b4 f89bcbb9 36fc 4dac 80c7 48f7709dfb15 d052ac7a f03e 40b1 adc7 dd9d5e9a65bb 9660ffd6 124b 4aa0 ba77 a1005107487f b866a57f 5282 4344 bebd bc1175008d44 18d6101c b95e 4288 95e7 9a247ee96405 a2444dfa 7550 4cad bf4a fd0cb133f2d6 bf223b63 bfb2 47ed b7b8 090418234787 3c5c4401 04e5 4208 9d2f 8d450839be71 09f74a1f c6b5 49b8 9c99 a15b556bce31 7b6dbfbf 758c 4bf4 955d d489e4f1e11f 7d712190 1f7f 45a8 b0ff d36d25762ce0 1820d3b9 ad2c 483d b77f 3e693b502bdd 376d42d4 f75f 4e1a b1eb bcc2fc0f9b6d 58e786b1 5770 4113 8236 f4b4cbc82410 301f058a 7031 46c1 9032 c03ed96a80b3 7ff7565f 1f88 4937 9275 d9f20b72920c 433bf476 7d2e 4bf1 95df 4af6d200f3fd c9b8b89b c579 4a79 9b8f 7755c6fa64ef 3b8332db dc74 49f9 88e8 03bd71f16824 bfd67800 da4e 46ee b232 0aae53c5a3f1