Posted To: MBS Commentary

The litany of updates/alerts listed below effectively serves to frame the launch sequence for today's trading. If you don't care to wade through the minutia, just read the most recent update or simply allow me to paraphrase: There was some confusion earlier as a Trump tweet apparently pushed back on the WSJ article from yesterday which spelled out changes in US/China tariffs. But it turns out Trump was referencing a more recent WSJ article from this morning. Bonds moved back and forth on those headlines, but ultimately began to lead off in a positive direction simply because the finality of yesterday's trade related news seemed to be in doubt as the day began. Rumors surfaced and were then confirmed of a major Chinese press conference to address the trade deal. China basically confirmed…(read more)

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Source: Mortgage News Daily