Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

MBS RECAP: Bonds Continue Circling Wagons (Nothing To Do With Shutdown News)

By Matthew Graham

Posted To: MBS Commentary

Government shutdowns make good news. When risks of a shutdown flare up (especially with today’s sort of political theater) it tends to dominate the news coverage. This creates the risk that shutdown news is perceived to impact bonds in a way that isn’t really accurate. This was the case today, to some extent. Shutdown headlines dominated the afternoon news cycle right at a time when bonds were weakening. So was it the shutdown headlines causing the issues? Not hardly. In fact, the shutdown headlines would have arguably been good for bonds. Instead, bonds were simply backtracking after having been led into stronger territory by European markets. The latter were on the move due to the latest round of Brexit-related headlines, which basically conveyed “no additional negotiations”…(read more)

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