MBS Day Ahead: Limited Data; Trade Headlines Still Asking For Attention

Posted To: MBS Commentary

In the day just past, bonds enjoyed a break in trade-related headlines, an absence of new Italy/EU drama, and a reasonably informative set of economic reports in the morning. Less enjoyable was the fact that the econ data made a case for bond market weakness. Indeed, the main thrust of upward momentum in Treasury yields followed the 8:30am economic reports. Nonetheless, bonds were able to find a supportive ceiling mid-morning, even as stocks continued to rally. In the day ahead, there's only one mid-tier econ report to digest in the form of Consumer Sentiment. This CAN move markets, but frequently doesn't. Leading Economic Indicators shares the same time slot, but is better characterized as almost never moving markets. Beyond the data, overnight trading suggests markets remain susceptible…(read more)

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MBS Day Ahead: Limited Data; Trade Headlines Still Asking For Attention
MBS Day Ahead: Limited Data; Trade Headlines Still Asking For Attention

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