Posted To: MBS Commentary

Bond markets will be closed for Christmas on Wednesday and only open for a half day on Tuesday. Even on the remaining days of the week, volume and liquidity will be mere shadows of their normal selves and trading momentum can arrive and depart for no good reason. My commentary tends to get repetitive at this time of year, so I'm going to try something new this year. After 12 years without taking a business day off (which required a laptop in a hospital bed on the 2 most challenging days during that time), I'm ready to take my first working vacation. All this means is that I won't be writing very much this week. Rest assured, I will be here and I will continue monitoring markets like a hawk and sending out alerts as needed. But you should never rely solely on my written alerts. I…(read more)

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Source: Mortgage News Daily