Posted To: MBS Commentary

Ending on an Equivocal Note Ahead of Fed Week If we look through the small-scale volatility throughout the week, we see bond yields moving back up to last week's lows as of Wednesday and essentially remaining flat since then. In that sense, Monday was the big panic day for markets, Tuesday was transitional, and the rest have been equivocal. Next week's Fed announcement introduces bigger volatility risks. Beyond the Fed, daily covid case counts (and any other significant covid-related news) will continue to be scrutinized as traders attempt to gauge the impact of the delta variant and flatter vaccination rates. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Markit Composite PMI 59.7 vs 63.7 previously Services PMI 59.8 vs 64.8 f'cast, 64.6 prev Market Movement Recap 08:27 AM…(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