MBS RECAP: Bonds Slump, But Trading Was Pretty Light

Home / Blog / MBS RECAP: Bonds Slump, But Trading Was Pretty Light

Posted To: MBS Commentary

There's age old market wisdom that loosely suggests any given move should be taken more seriously if there's a lot of volume behind it. Deductively, we might conclude that moves backed by exceptionally light volume could be taken less seriously. To whatever extent it makes sense to do such things (and it rarely makes sense to brush off market weakness), today would be one of the best candidates. Much of the rest of the world was closed for business in the overnight session, with the only heavy lifting being done by Tokyo (i.e. Japanese traders were primarily responsible for making trades that moved bond markets during those hours). That made for almost non-existent volume in the overnight session, and only a modest amount of weakness. The domestic hours saw additional weakness , however...(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...

992f3d2d 6923 4c8f bd03 ee8ae0323b48 e3354815 207a 4ef5 a907 ef5f421de3dd e29285ed cf94 4bf9 9942 095a572b8484 0f9457af ac35 4f40 922f 78401219b679 c81d1f83 8854 4c39 83c9 b04aacba73bf 861bc0f0 1837 4748 8e6a 9ed31761e457 2b39edb7 1fbf 4c37 81e0 0223ca0031dc 083f209c c311 42d1 a238 c288a8366ba2 bef3f1ae 04f3 42c8 889a 2348e86d1607 c4484a22 0bc7 4982 94da c956c4ab87a9 4211c15b 1c61 4a01 83a3 181d3e4f53c2 d6b27683 b421 440e aa36 0ee15e3f8df4 8b92bd08 aa87 4994 9f9a 71665689beb4 37cb160c f9b0 479d aadd 4192fe417239 dc31a2b4 00da 4327 aecf dc3e42ede842 be65d28a d5af 4869 b956 670d852a3ab0 55a379fa 4366 42fd a28d e6a5efe206c2 8b5de03c 6ab8 4091 90a5 c01d556ae965 ff50f8e5 e301 4290 9ad2 c40242493c6c 31a58ad1 afb9 4ec3 91d0 9109dfcf4467 4d20108c 16ca 4464 bfa0 67614aed2846 67452c84 5cd3 4dec 8d53 5811c860f59e df5ebd4f 474e 49fe 81fa 415a92912e2a