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&#039s 10yr auction as the only moderately capable market mover, and even then, we wouldn&#039t want to keep our breath for Treasury auctions to move marketplaces. Being, as we are, in “wait around and see” method, I&#039d 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&#039t issue” ahead of past Friday&#039s 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)