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...

61f20754 6ed8 456d 8fe8 ca79be3523f1 d4b9f7f9 c0f4 41b0 82c9 8489dd3ecd89 235f5ba9 21eb 4690 8f85 17cdd15fef79 560a0dce 9794 4ea4 9ace 5c6ffd32c389 ee99fe64 d8e2 4223 86ce f95937e79012 e2d432da c2b3 41df 9023 2cfa6e2256a2 613120a2 0f8f 4da0 a403 bd762b7efc7c aade96b5 71a5 42c0 821c 05b43122638e 3a211e1d b043 4cdd ba9b 6525f9fb1737 c4ef2a49 eada 4823 b01f 80a6389ce441 0e409632 2ac3 4303 8c60 f66f7723ce55 ce423942 642a 4d07 8b57 a127dc411ef0 902d52f9 2d7d 4cbf 8143 46a6005b86c1 659be296 26fb 46ab 8bd5 f59026634107 6b09985c 4e36 41eb add6 045d0b910de7 8643e53b aa25 46c2 ac1a d9d2d75075ce 84bfad61 9b28 4e5f b5b1 eb9699bb4505 b951f1ab a841 4d2a ad5b 313d1995bc72 afefcb70 f087 418e 9f5f 57fdcff367c5 29bc9cbc 44b2 4d98 b336 816fb82b7c7d bd45d451 4976 4934 85ae f2c10a80358e df84bdc2 755b 47a8 817b 1f4dd8d242c5 2db754b7 6e52 408a a6b7 b65d0326dd8c