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...

df351606 7a18 4ddf aa60 52db6266addf dbfcb57b b625 435f 895f 5fa7a725f292 f7d3d665 f848 45ba ab96 871bbfae4435 985591d4 2481 4deb aa35 c8d2ef6d623b 1a65f23b 6c1a 413a 9f52 944f3fffbb9e 3e4b9eef 05e2 496d a2a5 60a64fcb9fcb 3a42dd03 f3b5 4824 944d 7ad0c14b16c6 14c78f12 ea9f 4bd2 b561 9e5065a03d87 e3546909 6998 4c12 8955 03f28c563fd2 5dd84c02 5bf0 45c0 b6b3 01346d8c5ed8 339a5db7 8070 4288 b858 3d7f408eb6b8 3601a97f 4b03 4c47 8fcc 4d080795d084 96aa587c 0d9e 40a8 a088 aa981beb6611 ba2c0d75 8e13 46fa 8ba0 46f841f39109 190d6d0f f6a4 46c0 81d7 70a0873d60e6 c95080b7 52ae 4b30 9871 d8fd14ecd6e6 bbd742ee 61cc 4dab a495 a26b3aaa1b6c 864bbd74 73a7 40f8 b884 503a2d0d5e9c 05f74e7c 2a83 4a67 8f74 309265799d96 08a73c85 e1c8 4a25 b0c0 038ff45a3cbc f8bd4f56 8bb9 439d 8a0a c1f7324509d8 cafafd28 2b5c 4969 bdd3 71cf2c42a9c4 592ee3fd 1ef3 4528 b248 46d8aa6e065f