Posted To: MBS Commentary
Here's What's NOT Moving The Bond Market Another day, another surprisingly brisk selling spree in the bond market. Unlike several recent examples where the end of a Treasury auction cycle brought some relief for negative momentum, this week's final auction had a slightly negative effect. In the bigger picture, market movers continue to be a strange combination of completely obvious and uniquely enigmatic. We've given plenty of attention to that list over the past few days, but how about stuff that has been falsely, but widely accused of having an impact? One of the best examples of this (both now and in the past, as it concerns smaller drama) is the composition of voters and non-voters at the Fed. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Case Shiller Home Prices …(read more)
Source: Mortgage News Daily
