Posted To: MBS Commentary

Why In The World Did Bonds Rally So Much Today? Bonds embarked on a surprisingly swift move in a surprising direction following a resoundingly solid jobs report. Such rallies often demand that justification be pieced together from whatever happened to be available in hindsight. In today's case, the bigger pieces include some combination of massive short covering sparked by another round of British central bank headlines. There are a few other candidates discussed in today's video, and that's definitely worth the watch if you're struggling to understand or accept today's craziness. Econ Data / Events Fed MBS Buying 10am & 1130am Market Movement Recap 08:40 AM Volatility after jobs report. Initial losses followed by a bounce back to stronger territory, and now another…(read more)

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Source: Mortgage News Daily