Fairly Inconsequential Friday Ahead of a Very Consequential Week Ahead
Fairly Inconsequential Friday Ahead of a Very Consequential Week Ahead
Abstract
MBS gave up roughly half a point between 9am and 4pm, but in today's case, it was just an extension of yesterday's trend and very safely inside this week's trading range. The bond market actually didn't do anything too interesting today--at least in the context of the bigger picture. MBS up 2 ticks on the day (+0.06) and 10yr down 2.3bps at 3.30%. The market was just a hair over unchanged on the morning.
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