MBS Day Ahead: Medium Strong Jobs Having Expected Effect

By Matthew Graham

Posted To: MBS Commentary

My commentary took a bearish turn , essentially saying that bond markets had done what they could to price-in a poor NFP number and that anything outside a big miss would likely result in a push back into the recent range. I attached yesterday’s video as a refresher in case you missed it. And here’s yesterday’s recap, which is essentially a perfect Day Ahead if you simply add the conclusion: “unfortunately, all this is happening this morning”: I hate to say anything bad about bond market gains. Bond market gains are among a few of my favorite things, after all! I also hope I’m wrong in thinking today’s rally was “nice” enough to be questioned. I spelled out the reasons for this in detail in today’s MBS Live updates and the Huddle ( MBS Live members…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: MBS Day Ahead: Medium Strong Jobs Having Expected Effect

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …