Posted To: MBS Commentary

Friday was a somewhat glorious day for bond markets, but perhaps only because Thursday was so terrible. Both of those sessions were completely driven by trade-related updates as the US and China worked toward putting out what some might call a lackluster confirmation of the "phase 1" trade deal. (I say "lackluster" because it isn't signed yet, even if it ultimately will be, and because there are critical details that remain to be hammered out.) Friday's trading made Thursday look like a massive, negative head-fake . But now today's trading makes Friday look like the unwelcome visitor to an otherwise bond-bearish party! Weakness was in place right from the start of the overnight session, but losses leveled off and held sideways throughout European hours. As domestic…(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