Posted To: MBS Commentary
There have been no significant instances of economic data this week until today. These sorts of things happen, and it’s usually Thursday that ends up breaking the dry spell. That’s only really a guarantee based on the steady weekly presence of Jobless Claims, but that’s pretty boring data these days. We already know that things are humming right along in terms of payrolls and other metrics that lean on tallies of who is working vs not working. As such, Jobless Claims data isn’t really interesting any more. That puts the focus squarely on Retail Sales. This is a strong market mover, on average, and today has as much potential as any example. We’re almost guaranteed to see a bounce back into positive territory for the important “excluding autos” metric (which is…(read more)
Via:: MBS Day Ahead: Data Finally Shows Up; If There’s a Party, Can Bonds Even Join?
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