Posted To: MBS Commentary

Surprisingly Quiet Quarter-End Trading. No Objections Here The last trading day of any given month (especially if it's also the end of a quarter) can often see elevated volatility without any obvious motivation (here's why). While that was sort of the case for Treasuries today, even they were fairly calm in the bigger picture. MBS barely budged by comparison. With rates at all time lows, no objections here! Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr UMBS Buying Case Shiller Home Prices (Apr): +0.3 vs +0.5 f'cast, +0.5 prev Consumer Confidence: 98.1 vs 91.8 f'cast, 85.9 prev Market Movement Recap 08:04 AM Both stocks and bonds are unchanged after a quiet overnight session. Both found something to like in yesterday's release of today's Powell testimony on the pandemic…(read more)

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Source: Mortgage News Daily