MBS RECAP: Monday Giveth

Posted To: MBS Commentary

Monday Giveth Summertime weekend trading dynamics are sadly a source of motivation for bond markets–especially amid a lack of actionable data on a week that ends with the most actionable data. In that sense, whereas we found ourselves saying "Friday taketh away" at the end of last week, we can now say "Monday giveth." As far as Treasuries were concerned, today's 'givething' more than commensurate with Friday's 'takething.' In other words, yields ended the day at lower levels than Friday morning before the sell-off (and, in fact, lower than most of last week). MBS kept pace with the Treasury gains quite nicely and 2.0 coupons are now at their best levels in 2 weeks. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:42 AM…(read more)

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MBS RECAP: Monday Giveth
MBS RECAP: Monday Giveth

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