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MBS RECAP: Coronavirus Hopes Hit Bonds as Correction Carries on

Posted To: MBS Commentary

So considerably, the correction to the coronavirus bond industry rally is only a several days previous, but it turned substantially more problematic now. Yesterday was arguably the initially working day of the correction and at that issue, we hadn&#039t observed quite plenty of weakness to label it as this sort of (simply to present warnings about the possibility of extra damaging momentum). But now&#039s weakness was practically as major. Taken with each other with the compact bounce on Monday, this 7 days is starting off to glimpse quite troubling for bonds . Curiously plenty of, this wasn&#039t destined to be the scenario now. In actuality, by 3am ET, bonds had been essentially a little bit superior compared to yesterday. Then came news of a freshly accepted anti-viral cocktail purported to address coronavirus in China. Markets dealt with headlines as if a overcome or effective vaccine had been freshly…(read more)

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