Posted To: MBS Commentary

Bonds Refuse to Answer The Big Questions Heading Into Mid-Week Holiday After days like Monday (in which the bond market lost ground at the fastest pace in months due to the Pfizer vaccine news), we can see one of three things: a quick bounce back, a pause for reflection, or additional selling pressure. Today's session offered mixed blessings. Treasuries generally held under yesterday's same ceilings, but they certainly didn't rush to give an indication of a supportive bounce on the horizon. Basically, we're in limbo, and there are reasons to be cautious and hopeful, though probably more of the former until further notice. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:23 AM Bonds started the overnight session in slightly…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily