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MBS RECAP: Bonds Dragged Into Hazard Zone Ahead of Tax Vote

Posted To: MBS Commentary

As talked over in depth in the every day video clip on MBS Are living , today&#039s bond industry weakness was multifaceted , to say the least. But if we want to make the transfer better in stocks and bond yields about 1 issue and 1 issue only, we can continue on to communicate about the prospective clients for the tax invoice passing. In that regard, today&#039s significant to-do was a alter of heart from Senator McCain who beforehand stated he wouldn&#039t vote for the invoice. Now he will, and that provides the Senate plenty of votes to test to move the issue tonight or tomorrow. The rally in the stock industry was more gradual and lasted lengthier than the mover better in bond yields. It was also significantly greater relative to the latest ranges. The exuberance in stocks, on your own, could clarify some of the weakness in bonds as buyers market bonds to buy stocks. Even…(read through more)

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