MBS RECAP: Token Correction Ahead of More Important Data

Home / Blog / MBS RECAP: Token Correction Ahead of More Important Data

Posted To: MBS Commentary

Today was a freebie for bond markets (and stocks to some extent). In the grand scheme of things, no one will look back at today and conclude anything meaningful. If anything, it will just look like a very calm, very flat trading day following a 3-day weekend for bonds. Yields hit new 7-year+ highs in the overnight session, but early domestic traders were finally interested in owning bonds at current levels. Several big block trades hit the screen just before and after 8am ET, and these effectively set the tone for the rest of the morning. In the absence of data and despite a bounce in stocks (not that we should expect stocks and bonds to be moving in the same direction at the moment), bonds continued drifting toward their best levels of the day just after 11am. They stayed sideways in that...(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...

13841ad0 4925 4554 b87a adf35bcbdc86 4a553dfd 5f54 4cc3 b287 b07803b5effe 0642ac6c 8c19 4dda 98f9 56760ce8081b 5ac502d4 ac50 4ac3 bcba 2b2451ed917d 5b08d6a5 06bf 45aa 8d33 15983166bc32 85cbf049 15e7 4c71 9f66 364d9eee87ea 6027cb92 af8c 43d8 8c73 44a226f4d9f5 ed1dc3d6 a7b3 4630 87f0 c118f6928305 023bb2f7 599b 41b1 9661 6313a3cb301c 3fbea407 2283 46cd 8f98 e8258fcc351a 478bc7c2 7288 4075 a2e0 78311f8f487c eede1109 5697 4fe8 81e8 4941533524e6 8808acfd 43ef 4587 9129 ccaa853010cc 5d039f58 9f02 4843 8f3b cef4916b2ba2 171ec8ac d284 429c a43b 34f23b2d0094 64cc0233 85ee 4924 978e 105383dc7b6a 1fd3ea3e 2ec9 4ebf b14e 7a9ee4722908 adde084d 3cf0 41f7 8220 90a00d799912 203a53da 92eb 41f8 bf0d 0c7504d0cd8c 5d4ee628 2957 4d5f a34b bb06151d73f8 280531f0 861a 4b0e ac93 1a0ae747fd8e 541db34d 4451 41db a71f f9666a546a15 8db03955 ba08 4cd1 880e cc9471caf333