MBS RECAP: Bonds Refuse to Rally Big After CPI's Big Miss

Home / Blog / MBS RECAP: Bonds Refuse to Rally Big After CPI's Big Miss

Posted To: MBS Commentary

Bond markets were clearly interested in today's Consumer Price Index (CPI) data. It generated a larger single minute of volume than the minute following last Friday's NFP report (the one that caused bonds to tank due to the wage growth component). Given the much weaker reading, it was no surprise to see bonds rally fairly well for the next hour. The surprises showed up from there on out, however. Rising European bond yields and advancing equities caused a quick correction for Treasuries and MBS--both of which briefly returned to negative territory. We managed to shake off the weakness as the European session wound down, but without making it back to the better levels of the day. No matter! Perhaps investors were waiting to digest the 30yr bond auction. But the auction was no help. Even...(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...

f8af1e25 4179 4238 80d3 d7982a387518 12b3e0a7 b43c 452d 8084 cde4c0e3c424 03617c59 d7f8 41e9 89f3 509ac51ad523 9280b761 b184 40c8 9286 3bdb1cc7d263 c550ea52 68ae 4d82 8242 227ff2a52bd7 13659081 1618 43f6 85b9 ce145ac93200 cf02520e bcfd 44a2 b058 690eb42f0dd0 c07bf0b1 d61c 4d47 bd7d a4c75bd05363 b6740e71 8bf8 4578 8036 d6d9d78dcfa1 7b76b1b8 0939 4bd9 b83a f6622f8c846e d4b2ad00 8233 4a61 8590 487297a53940 91cda055 2bf9 4087 9c76 ba5220795b5d dce5c87b a165 46db 8b9d 264cf2a6138f d870fea5 d932 490d 9775 92805a695c84 358fa239 b0b8 4e1c 93ce 350507aa1030 89bed09f 4a42 4997 9db7 bd7c13d0e621 aad1bc71 635d 4ca6 a25b bfab67bbaef5 ae68e73f 38df 4a1a 82bf 1a7f6b0e07fd 0c455bcb 4a6a 41e3 a0ca 02d7f3826676 aca9d8cc c982 4fb2 9ef7 d357e0914188 b0e6daf2 bf6d 446e b0f2 3262d119085b 5ee5f715 015c 4424 a8e2 e158fc3b93b1 ad335611 4bc0 480f ba07 02642ea4ae31