MBS Day Ahead: Nevertheless Waiting around on Even larger Potential Marketplace Movers
Posted To: MBS Commentary
In the grand plan of items, right now will possible be a further placeholder of a day except some unforeseen (and rather sizeable) trade war update comes about to occur out. That leaves the afternoon's 10yr auction as the only moderately capable market mover, and even then, we wouldn't want to keep our breath for Treasury auctions to move marketplaces. Being, as we are, in “wait around and see” method, I'd instead acquire this morning to mirror on a phenomenon from the modern past. Increase your hand if you assumed I was a bit crazy to declare “NFP doesn't issue” ahead of past Friday's blowout work report, and then if you assumed I was even crazier to double down on that declare following shares and bonds immediately commenced to reply to the stellar quantities. (My very own hand is about midway up…(go through a lot more)
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