Posted To: MBS Commentary

Bonds Wearing Holiday Clothes Despite Trump Veto and Brexit Along with the Friday after Thanksgiving, Christmas Eve is typically the lightest trading day of the year. Today was no exception with both volume and volatility at a minimum. MBS mostly held inside a 1 tick (0.03) range, which is about as narrow as it gets. All this despite Trump's veto of the defense spending bill raising the possibility of a shutdown on Monday and the Brexit trade deal finally being confirmed. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:52 AM Sideways overnight in extremely low volume and light trading. Nothing to be gleaned unless the level of activity changes drastically. 10yr yields down less than a bp and MBS up 1 tick (0.03). 12:19 PM This…(read more)

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Source: Mortgage News Daily