Nice Bounce Back After a Bumpy Morning
Nice Bounce Back After a Bumpy Morning
Abstract
By mid-day, curve trading and Fed comments helped the short end of the curve recover significantly, with a decent amount of the gains spilling over to the long end. MBS down just under half a point, now trading with better liquidity. No major impact from data (most of the weakness was intact before then). Additional weakness into the first few minutes of the NYSE open.
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Nice Bounce Back After a Bumpy Morning All in all, today's trading range fell inside yesterday's and this week's trading range falls even more easily inside last week's. In other words, volatility has been decreasing and the range has been narrowing. Nonetheless, weakness is weakness and we had a moderate amount of it this morning. By mid-day, curve trading and Fed comments helped the short end of the curve recover significantly, with a decent amount of the gains spilling over to the long ...
Nice Bounce Back After a Bumpy Morning All in all, today's trading range fell inside yesterday's and this week's trading range falls even more easily inside last week's. In other words, volatility has been decreasing and the range has been narrowing. Nonetheless, weakness is weakness and we had a moderate amount of it this morning. By mid-day, curve trading and Fed comments helped the short end of the curve recover significantly, with a decent amount of the gains spilling over to the long ...
Sorry... I couldn't think of any "B" words for "weakest levels."
Our big project of the past week and a half has been to assess the possibility of a broad consolidation in the bond market after hitting the highest yields in years last Monday. The 3 days that followed were great in that regard. The 3 most recent days (including today) haven't been great.
The initial weakness was consistent with the notion that there was excess buying demand in place for March's month-end (and quarter-e...
Sorry... I couldn't think of any "B" words for "weakest levels."
Our big project of the past week and a half has been to assess the possibility of a broad consolidation in the bond market after hitting the highest yields in years last Monday. The 3 days that followed were great in that regard. The 3 most recent days (including today) haven't been great.
The initial weakness was consistent with the notion that there was excess buying demand in place for March's month-end (and quarter-e...
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Insolvency Service continues to go after loan cheats
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