MBS RECAP: Bonds Threaten Momentum Shift

Posted To: MBS Commentary

Now was generally about North Korean de-escalation, and somewhat about stronger economic data. If you haven&#039t listened to forty three times previously, North Korea graciously decided to maintain off on their tiny strategy to nuke Guam (however the tiny strategy of marching up and down the square stays intact for now). Thinking about that nuking Guam (or more most likely, “attempting” to nuke Guam) would have led to Nuclear war or one thing similarly disagreeable, bond markets had some gains to give back. Purpose getting: bonds benefited from “flight-to-safety” demand as traders drop danger amid previous 7 days&#039s nuclear uncertainties. All of the higher than getting the situation, most of the working day&#039s bond losses had been viewed in the overnight session (the original headlines about Guam arrived out previous yesterday). The morning&#039s…(browse more)