MBS Day Ahead: Where We Were, Where We Are, And Where We Might Be Going

Home / Blog / MBS Day Ahead: Where We Were, Where We Are, And Where We Might Be Going

Posted To: MBS Commentary

2009-2013 was an unprecedented time for the US bond market. It benefited not only from the initial blast of the Great Recession and the sluggish recovery that followed, but also from the ongoing blast of Fed bond buying and ultra-low rate policy During that time, economic data only ever mattered inasmuch as it affected the Fed's accommodation game plan. Even then, markets were 10 times more willing to trade the changes in the Fed's gameplan than they were the data itself. The 2013 taper tantrum is a great example (the data all but guaranteed a tapering announcement as of May 3rd, but markets didn't even begin to trade that notion until a May 10th Hilsenrath article suggested the Fed was getting ready to taper. And it wasn't until Bernanke mentioned it on May 22nd that things...(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...

5b5235e8 874c 48b1 82c6 c7deee8cec32 2825a5b7 17e5 4a1f 8b3c 9d75dc8ce00d c8e1ee1d 25b3 40e1 b349 d304b43bf5d4 c1efd0e0 7314 4347 bcbf 8cb4dd4314d7 c0e2d2eb b50f 4691 82cf dcd4176c8b4f a7e005cb 032d 4f41 aae1 87b9cc368de5 502ab0cb b879 4fde 8c1c 1e98dbb9aa3b f0be8cc9 7679 4c86 a403 ae0b0d302190 46dba3a5 d2d6 49ad 8352 8d8716f91d9d 350e0dfa 8e09 45cb b7bf 3c4ea4b08010 eeb0db6b ae44 4dac be5f 0390b67c09a3 156c9af2 b8aa 48e6 84ac 6f9461337f4d 389e8afc 01ac 4b23 abda d38b1b121e4c 6c41511c 63bf 4928 bada 5595d42b17b4 4a1cfd55 c94e 4784 8d31 4e03e2371853 2383b21d b0ac 4ad5 abc1 49dcb489f5ac 54aa6542 7e1f 46de bff7 23756a937695 dd6540df 9d14 4535 8ac7 ed7d59b46ba1 d2154a5b 3bce 4420 9b96 a2295bb4ad18 37b1ebb6 a49c 4d8b a7e6 be4523d670c2 f4919c07 3f4d 4a4a ba0c 20cd646d6856 44b1de9d b57e 44e5 9318 753da09d35e5 5cd9bbc9 079d 4d8f 9ae1 6b9193ff94fb