MBS Day In advance: China&#039s “Fake Information” Arrives and Goes. Shocking Market place Response Follows

Posted To: MBS Commentary

Yesterday, the likelihood of China decreasing its buys of US Treasuries was all any individual could talk about . Amid a sea of voices declaring this as a main elementary market mover for US prices, I yelled counterpoints from my cleaning soap box. Nowadays: vindication . The thrust again had by now started as of yesterday afternoon, but the finest snippet arrived in this story from Reuters, which explained “the information could quote the improper resource of information, or may possibly be bogus information.” The natural way, bonds rallied immensely on these revelations, right? Following all, if the unique information was the resource of yesterday&#039s right away weakness, this sort of a retraction in headlines would be well worth a retraction of market motion. But that&#039s not precisely what transpired. Though there was a token response to the headlines (which…(go through more)

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