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MBS RECAP: Bond Rally or a Token Bounce After Last Week's Rout?

Posted To: MBS Commentary

Bond Rally or a Token Bounce After Last Week's Rout? Last week saw rates rise at the fastest pace in months in an apparent lift-off from an extended stint near all-time lows. Now the current week looks vastly different with bonds set to improve significantly for a 2nd straight day. Is it already time to talk about last week's highest yields being the ceiling for now? Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr UMBS Buying Market Movement Recap 08:17 AM Much stronger overnight with Treasuries gaining in Asia despite no help from stocks and improving again in Europe, this time with a significant stock sell-off providing a boost. Both stock prices and bond yields bounced just before 5am ET and have been heading higher since then. 10:56 AM Gains continued through 10am, but it looks…(read more)

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