Posted To: MBS Commentary

Super Sideways Ahead of Retail Sales Retail Sales used to be a big ticket report, but like so many others, has been punching well below its weight post-covid. That will change at some point. We could see vague hints of that change as early as tomorrow. Either way, those mere hints would be more exciting than anything that happened today. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Import Prices 1.2 vs 1.0 f'cast Export Prices 2.1 vs 1.0 f'cast Market Movement Recap 08:31 AM Calm, quiet overnight session. Minimal movement in Treasuries. Modest weakness. 10yr yields up 1.2bps at 1.632 and UMBS are perfectly unchanged. 12:13 PM Modest additional weakness for Treasuries, mostly dragged higher in yield by sharper weakness in European bonds. Technicals and corporate issuance are also…(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