Posted To: MBS Commentary
The last trading day of the month for bond markets is more interesting than average in its own right. Money managers are busy making sure their holdings match certain indices. For bond market participants, that’s typically some flavor of Barclay’s index . There’s no secret place where month-end “index buying” is reported or tracked, so onlookers are left to rely on secondhand reports or simply deduce based on trading activity. To that end, both deduction and secondhand reports suggest we’ve seen a fair amount of month-end buying come through already over the past two days. But we also probably haven’t seen the last of it. Yesterday’s trading set us up for a nice potential line in the sand to watch for it today. This came in the form of a simple pivot point…(read more)
Via:: MBS Day Ahead: Busy Day of Data for Europe and US
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