Posted To: MBS Commentary
Hi, Welcome to the show. Are you ready to play Find That Market Mover? It’s America’s favorite game (or at least it’s my favorite idea for a topic at the moment, but I’m going somewhere with this, I promise). The rules are simple. I will show you a chart of 10yr yields over the past few weeks and you will identify the two biggest traditional market movers: FOMC and NFP. Of course there will be bonus points if you can identify any other significant development. Oh, who are we kidding? This is a game with no winners. It’s a crappy, sham of a game , and I’m sorry I built it up to be something it wasn’t. It was destined to be impossible to win because the normal rules and past precedents among attention-worthy events no longer apply. Up is down, down is up. Smart people…(read more)
Via:: MBS Day Ahead: It’s Time to Play “Find That Market Mover!”
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