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MBS RECAP: Forget The Election, Here's a Huge New Possibility To Consider

Posted To: MBS Commentary

Forget The Election, Here's a Huge New Possibility To Consider Bonds finally weakened a bit today after 2 nice post-election rally days. There are a few potential reasons for that, and they're discussed in detail in today's huddle video. The most interesting consideration, however, concerns the Fed and the POSITIVE havoc they've been wreaking on the MBS market (havoc they might soon take note of… and do something about). Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:18 AM Bonds were flat to slightly weaker throughout the overnight session and began losing ground heading into early domestic hours. The level of weakness is inconsequential in the bigger picture, although a break well above .79 would speak to more serious…(read more)

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