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...

692227ca 34bf 425a aacd fd99a1569091 f5b0f6a2 4e96 490f b75f 39e5715c63e3 a95886e7 310e 4224 b790 70f140aaf082 36fd113a 1cbf 4732 8972 92f75f8855b8 33540f20 b75f 4949 9eff 19f0945d19ae a63da3dd 3cd7 4769 b1af 31b48f3ec31e 371a43d0 1036 46b4 881c e19b32a9020e 08d1d8e9 d0b0 495a b6bd 8a37de0404ce 5e9fe74c 7426 4706 ab20 2a198726b269 87664746 c7c4 47b7 8ed0 dbb42e4c1486 57a7917a b2da 497d bd71 fac723f94e13 545af167 f4f3 4cae 9b66 c0e3879a66ec ecfc1c3d aa17 4fb8 8cce fac9583b0001 b5da2115 b280 4bce b92e 734f61cc6f92 979d4a4c 410c 4f90 b283 103b87b0612f d76b9965 afea 4849 956a a85a8157f24d a1191535 4f5c 493f 8f1a ce738489de96 27d12a77 77a4 4680 b3cd d9ee3be403f5 1a684098 ba74 46ec b35b 654ec28b6445 400df273 cc25 48fd b80b 5d29a4d57c91 1f0e1b64 d2b8 42f1 8516 9f541732e973 9af32e44 e41b 47a6 b049 c97ddb57677b 442d11a2 0992 423b 8a7e 6a4f37eb2a9d