MBS RECAP: Once More With (Slightly Less) Feeling

Home / Blog / MBS RECAP: Once More With (Slightly Less) Feeling

Posted To: MBS Commentary

Bonds rallied today, eventually. Most of the session was fairly flat with the afternoon bringing most of the rally thanks to another sell-off in stocks. This time, the stock losses were more measured, but only relative to days like yesterday. On a normal week, today's stock losses would have been huge. The fact that bonds only gained as much as the did is telling, and probably grounds for concern about the sustainability of the move. As much as it pains me to say it, bonds have their widest eye on stocks at the moment. The uncertainty of the day's stock momentum prevented any bond trading aspirations during the morning hours, despite the fact that weaker core inflation justified a rally. Think about it this way: bonds already got to rally quite a bit yesterday, well before the inflation...(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...

2d3945e4 2540 4062 bef2 cf4f831d8861 dbcb9643 2b3d 4132 9b13 0ebc71e582a0 0f519a34 ad27 42ea b063 805b8dbbbe96 2e00d15d 6653 4931 b416 55b4e8db76ad 198c3692 0a31 49bc 95cd 069c1ba4739e c83cd445 7311 4428 8f8f c93d791236ac 9a21243d 24fc 454f b1ab 101802332b8f d39d4aed 1b06 41ce 9003 a21948dd6ee6 0f9fe6a5 b87b 458f 8f00 c973f59051a5 d2cdfaa5 be28 4715 8446 dc84e63a0f82 d09bad43 a520 4dcd a383 17ab476c2d56 8deba7b6 5b1d 4ecf aa93 5710345caacc ba7c681d 11e7 4e6a b3ee dd7a6f56904a 3476e9fa 5084 4c61 aaf1 a1a45c7a68a2 75f25fc7 100e 423c 9fb6 e60d5c442746 9e85cd25 ca3a 46fb 9e55 1a7cdaa6a6ed 0a9c3145 39ea 48b3 ad02 459913e75c42 119a15a8 bd29 4f1f b82b d89b01001cac 04ce2540 0b09 4435 8c08 09ff6637400f fd1c1a47 03b6 47fe bb0a f8a881dcd42b 33769e8b ec87 44b2 9f63 9470d7643e2d 0a2aeab7 e5c4 439b aa21 78006bcee92a 4218cbee de2b 422b 9d86 c5cc15050179