Posted To: MBS Commentary
Following last week’s Fed meeting, we had two successive days of subdued trading, each trading “inside” the previous session’s range. Bonds can go either way after that type of consolidation, but usually not in a small way. The only frustration with respect to bigger moves is that there’s not much on the calendar that jumps out as a good source of motivation. That means, if it’s going to happen, it would have to come from something unexpected, or an unexpectedly large beat/miss on one of this week’s mid-tier reports. As far as econ data goes, the week kicks off with Existing Home Sales on Monday. We’ll only be waiting just over 24 hours to be able to compare that result with the New Home Sales data the next morning. Here’s how the two look together over…(read more)
Via:: MBS Week Ahead: Housing Data, Fed Speakers, Auctions, and GDP
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