Posted To: MBS Commentary
On the surface , today has a lot of things going for it. The only economic data is CPI, and it would be hard-pressed to convince anyone that inflation suddenly exists. At the very least, it would have to be a big beat in order to create its own negative momentum. Then there’s the momentum itself. It’s been more calmly positive than at any other time during the April/May selling spree. It’s also the first time this month where both Wednesday and Thursday have been positive. Finally, there’s Yellen . While this week’s FOMC Minutes covered Fed conversations that occurred in April, Yellen will be speaking in the here and now. Some media coverage has suggested it’s one of the more important events of the week, but there’s a catch. Indeed, Yellen could say something that…(read more)
Via:: MBS Day Ahead: Could be Interesting, or a Total Dud
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