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MBS Working day Forward: A Story of Supply, Momentum, and Conviction

Posted To: MBS Commentary

Let me take you back–but not necessarily “way back”–to March 2017. Geopolitical dangers weren&#039t on the radar but (no Syria air strike, North Korea threats, or remarks on Russian relations staying at an all-time low). Neither were the fiscal coverage missteps that would soon shake investor confidence in the authorities&#039s means to enact the new laws upon which a lot of hopes were pinned. Shares had just pushed to new all-time highs , and bonds had just bounced at two.thirty for the third time this yr. Here&#039s how a chart looked at the time: Shares muddled sideways for a few weeks as bonds freaked out about the mid-March Fed Announcement, but then points changed. The Fed hiked, as predicted, but their forecasts didn&#039t increase as considerably as predicted. Bonds had braced for way too considerably…(study additional)

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