Posted To: MBS Commentary
Just yesterday morning, I noted that bond markets may be seeing the light at the end of the tunnel for May. Indeed, things have been going well enough this week compared to recent weeks. Even the big financial media outlets are chiming in with headlines such as ” Call it a Sign the Worst Is Over in the Treasury Market Selloff .” I wholeheartedly agree that the worst is over… for the month of May! We have absolutely no way to know what the beginning of June will bring. Yes, yes, yes, there is just as good a chance that we continue to see resilience and support kick in near recent levels. And that could indeed set the stage for a more meaningful push lower. But the important possibility–the one that’s not as fun to entertain and that’s not as prevalent in the past 2 years…(read more)
Via:: MBS Day Ahead: Month-End on a Friday. Time to Lock?
