Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

MBS RECAP: Bond Markets Find Footing After Auction and Debunked Greek Drama

By Matthew Graham

Posted To: MBS Commentary

MBS and Treasuries ended the day near their best closing levels since the beginning of the month. It wasn’t a given from the outset though, and far from a straight line. The first roadblock came in the form of almost comical newswires from a Greek “official.” The wires indicated that Greece’s creditors were close to a draft accord that would include a long term solution on Greece’s debt. They were already painfully toothless and generic before the funny stuff started coming out, but the funny stuff completed the picture. To paraphrase the wires, a Greek debt deal would already be done if it weren’t for the mean old IMF. EU officials later denied that any such draft existed. No one knows who’s telling the truth and no one cares . It’s obviously not the grand…(read more)

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Brent Bowen

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