Bonds End Unchanged After Another Quiet Session
This is essentially placeholder commentary to serve as Friday's recap even though no commentary is needed this week. Bonds saw some incidental strength in the AM and weakness heading into the PM. The net effect was unchanged trading levels by the 3pm CME close.
Market Movement Recap
10:31 AM modestly stronger overnight and sideways so far. MBS up 3 ticks (.09) and 10yr down 1.2bps at 4.12
12:27 PM Off the best levels. MBS now unchanged and 10yr up 1bps at 4.142
02:31 PM Holding sideways with no additional weakness. MBS unchanged and 10yr up less than 1bp at 4.138
Wild Ride For MBS as Traders Digest New Developments
Wild Ride For MBS as Traders Digest New Developments
We may have been looking to the jobs report as this week’s biggest potential source of volatility, but that changed on Thursday afternoon after Trump’s $200b…