Posted To: MBS Commentary
There is a smattering of data in the week ahead with Tuesday's CPI and Thursday's Retail Sales reports being the headliners. Data is merely a "potential" market mover though. Next week's Fed announcement is an "almost certain" source of volatility, for better or worse. In addition, by this time next week, markets will have a better sense of whether covid numbers actually turned a corner last week or if it was merely a byproduct of the holiday weekend. That leaves this week as a sort of prologue to next week's main events, but data and corporate bond supply could still make things interesting. Technical patterns support the idea of bonds hunkering down ahead of a big decision. While moving averages can't do much to predict the future, yields find themselves…(read more)
Source: Mortgage News Daily
