MBS Day Ahead: Bonds Still Tuned In to Trade, But Right now&#039s Information Issues Too

Posted To: MBS Commentary

Trade headlines rocked markets yesterday, generating for the largest single-day bond rally considering the fact that early August–even right after the gains moderated in the afternoon. The tempo of the shift was maybe a little bit surprising supplied the latest proof of desensitization to each and every minimal update on the US/China trade deal. Still, the shift could be justified by the specific mother nature of the information (i.e. it wasn&#039t just another “receiving nearer to a deal” headline). Heading into right now&#039s session, even so, we feel to be appropriate again where by we began, with a single of individuals generic “receiving nearer” headlines evidently dependable for the only visible change in the overnight session. The spike on the subsequent chart adopted a tweet from a bloomberg reporter expressing that the deal is nonetheless progressing irrespective of…(go through more)

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