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MBS RECAP: Late Day Reversal For Bonds After Trump Stimulus Threat

Posted To: MBS Commentary

Late Day Reversal For Bonds After Trump Stimulus Threat Today wasn't going too terribly poorly for the bond market in the first place even though 10yr yields were technically confirming a negative move up and out of the recent range. The afternoon complicated the outlook as Trump's Tweets on Stimulus threw both sides of the market for a loop. Today's video discusses whether or not this is enough to reconsider our range breakout verdict. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) International Trade -67.1 bln vs -66.1 bln f'cast, -63.4 bln prev Market Movement Recap 08:42 AM Bonds were flat to slightly stronger at the start of the overnight session but moved fairly up fairly quickly as domestic traders clocked in for the day. Stock prices…(read more)

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