Posted To: MBS Commentary

Today is the last day of the month and quarter. That means more for financial markets than it does for many other sectors. While there is no hard and fast rule concerning timing, there is historically increased trading activity at the end of month (and quarter) as various types of money managers rebalance their portfolios or adjust their holdings to match underlying benchmarks. Read more about the Treasury/MBS specific month/quarter-end considerations HERE . In other news, Biden is expected to speak at 4:20pm ET today with more details on the infrastructure plan. This is late enough in the trading day that it's more of a consideration for tomorrow (and even then, most of the details have already trickled out). In fact, it's fair to say that a good amount of the bond market weakness…(read more)

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Source: Mortgage News Daily