Posted To: MBS Commentary

Boring Day For Bonds, But Tension Remains For Mortgages Rates continued reeling (depending on the lender) from the G-fee hike announced late Wednesday, but bonds managed to hold their ground (finally). This is the first decent push back against the recent technical breakout and the first real chance we have of defining an upper boundary for the current range. It's also the most optimistic view of such a ceiling. We'll know more about its chances next week. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Retail Sales 1.2 vs 1.9 f'cast vs 8.4 prev Core Retail Sales 1.4 vs 0.8 f'cast , 5.6 prev Industrial Production 3.0 vs 3.0 f'cast, 5.7 prev Consumer Sentiment 72.8 vs 72.0 f'cast, 72.5 prev Market Movement Recap 08:15 AM Bonds were slightly…(read more)

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Source: Mortgage News Daily