Moderate Weakness Would Be a Victory

Abstract

MBS are still a point and a half higher than Wednesday's close. The only headwind so far has been corporate issuance and it's not proving to be too onerous. There are no significant economic reports on tap, but several Fed speakers have already hit the wires with no ill effect. The only major headwind on Thursday was corporate issuance. The only other headwind has been Corporate issuance so far have been corporate issues and it is not proving too on-erous.. .. The first headwind in the last few days. and it's invented in the past year. to be.. is not too much to be on-the-trouble.