Posted To: MBS Commentary

Amid a dearth of important economic data between now and Friday, the bond market doesn't have much to do when it comes to pricing in bigger-picture economic fundamentals. Even then, the word around the campfire is that traders are planning on giving much more credence to global economic data collected after January 24th, when the coronavirus fear really hit its stride. In the meantime, coronavirus updates themselves will continue to serve as guidance givers for both sides of the market. Stocks seem especially eager to trade the deceleration in the coronavirus case count while bonds remain cautious. Notably, stocks are also willing to move for interesting reasons. See if you can guess what happened here: Something did indeed happen, but it's not as interesting as it may seem at first…(read more)

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Source: Mortgage News Daily