MBS RECAP: Bonds Skittish After Stocks Find Bottom

Posted To: MBS Commentary

Both stocks and bonds have been edging back into less panicked territory after trade war drama fizzled out last week. In other words, stock prices and bond yields were moving higher together. To be fair, bonds got one last rally push from Italy/EU drama mid-week (stocks didn't care as much about that one). Either way, by the end of last week the worst of the "risk-off" momentum appeared to be over and momentum looked to be shifting back in the other direction. Overnight weakness in equities markets threatened to push bond yields back down and create a green day for rates as opposed to modest weakness implied by the recent trend. But stocks were only ever looking panicked in the overnight and early morning hours. As soon as the 9:30am NYSE session got underway, stocks found their…(read more)

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MBS RECAP: Bonds Skittish After Stocks Find Bottom
MBS RECAP: Bonds Skittish After Stocks Find Bottom

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