MBS RECAP: Bonds Consolidate Despite Weak Data and Strong Auction

Home / Blog / MBS RECAP: Bonds Consolidate Despite Weak Data and Strong Auction

Posted To: MBS Commentary

Today brought two events that should theoretically have helped bonds: a much weaker producer level inflation reading (2.4 vs 2.7 forecast for core PPI) this morning, and a fairly strong 10yr Treasury auction in the afternoon. But neither had much of an impact by the end of the day. To be fair, bonds did manage to gain a small amount of ground, but those gains were intact before the friendly events crossed the wires. This isn't an out-and-out mystery, however. The PPI data is rarely a huge market mover in the first place. With the more important CPI coming up tomorrow (among other things), it's no surprise to see today's PPI offering little inspiration for would-be bond buyers. The 10yr auction suffers from a mostly similar fate . It is a positive anecdote for bonds, to be sure,...(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...

0c5ca013 992f 4bc7 acdc 0039973407e9 77dd79b7 baf2 4a72 997b 59dee9cf7c3e 205ffbe8 00f1 49ea b160 f2992edf4aaf 7964a168 6333 44ae 9f97 a43575e94d1f 87084cca ecab 46dd 8239 339157257eb6 e2be3630 579a 40e9 829b 2555a214d559 32598d2a bc0b 42d2 a20c 5ba0eeb54399 49436311 0e14 4800 9d37 e364b0f36975 715f45c7 ff51 4f3e ac63 5e2d49021c40 a799d20a 751e 47d6 9061 5a3dd1b7c2e7 cbaa00c3 510b 4a2f bc80 1d51614b6715 f2d226e9 b821 4b5e 9ca5 d81f1bcb8a05 835b9a7a ff41 4229 86ff 96fe23c364a7 2688461d d921 438e b240 66416a5744b6 0dbe9295 34fc 4ff8 94dd 5e6dbbb63f0f ca1a51dc 2b83 428e aa25 1b30bb9ee88d 3142e330 7484 4a8f b851 6ce50ee6a221 55036ea3 ce3e 40d6 9a5c 5ef0b8c1be29 1dcda800 33e4 4cbf b031 4471b6d88fe9 cbeccf89 a267 49f9 b739 8cf6d305f962 bdccd765 cd44 4259 879b b39eae91cfaf 98a0bc29 0430 404c a1a7 7420cbf0cb8e bca0fe1c 0465 4969 ba78 b4fe0c1187eb