MBS RECAP: Bonds Remain Rangebound After Morning Weakness

Home / Blog / MBS RECAP: Bonds Remain Rangebound After Morning Weakness

Posted To: MBS Commentary

Today ended up being the most uneventful day of the week in terms of outright volatility. In other words, bonds didn't cover as much ground as they did over the past 2 days. That said, there was still a bit of excitement . After being unchanged in the overnight session, yields began to rise toward the top of the prevailing range. Blame a combination of European bond market weakness and domestic stock market strength. Stronger GDP data didn't help, but it's debatable whether or not it hurt. If bonds were interested in data, they likely wouldn't have continued selling off after the weaker Pending Home Sales report--especially given the Fed's mention of the housing market last week. All it took to turn the ship around was for European markets to close. After that, the healing...(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...

3e7f0c25 d10d 46d0 957f 561390f5d7d5 9ca56a67 2903 4d04 9d57 fb1d4c76f0a4 ba593358 94a5 4ba9 a2f2 bfa3fec966a5 37d440d2 e315 43ce 82cc dddebd3e5001 a308a2ce b6ea 4d2a b186 21723c585346 56fd7148 e46d 4cec 8af5 3c7156fad6d8 4f2f224a 483f 4ebd b018 0fe038f1f2b4 3f19681d e90c 44f7 adc1 b2ef5fae88e8 224a163f f0da 4375 b9af 0a1a4ff6b90a f507167c 61fd 4a40 950a 39465073ae7f 682e9178 cff7 4057 9efb d7029aabccf4 ad23e0b0 efb1 410e 900f 02dea8cee5bb d4cef1d1 2e8b 42eb a1dd e89d0db4a5d4 79ca15a8 ca6c 418d 8540 dd365a206655 e8adf68f 6b3f 42d1 9264 ca3f8c6ac73c acef1e7a 7801 4bd7 9a05 b5655528253c c2f9f8b5 96e1 43b5 bd46 2f610cd74259 78c967ee 38fd 42eb 8eaf 7ab6bada4039 8905b992 e858 4435 b247 fc9b8162f6bc bfef8994 3760 4924 96b4 5838a5eddd0c 0a301c06 7e14 45f3 8fce 0baf0c1b0340 17549f9c 127f 4e96 9a09 fc9b5db5dabb 74e86161 e64f 4c72 a926 0f6a4dc4eb8c