Thursday , 21 January 2021

MBS Week Ahead: Slower Week for Economic Data as Rates Look for Support

By Matthew Graham

Posted To: MBS Commentary

Any time we see an Employment Situation report come in as strong as last Friday’s, it causes some measure of concern for follow-through trading. Indeed, big beats or misses on the big jobs report historical tend to create momentum for much of the remaining month more often than not. On a hopeful note, however, 2014 has certainly been a departure from the trend as US bond markets have grown increasing detached from US economic data. Of course European economic uncertainty is one of the key factors in that departure. As such, it’s made great sense to keep an eye on goings-on overseas. But this week isn’t as robust for Europe either, in terms of big-ticket scheduled events. That leaves supporting actors like ” technicals ” (trading decisions based purely on trading levels…(read more)

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