Posted To: MBS Commentary
If you’re tuning in to this recap to find out if something interesting happened today or if something is worth discussing with colleagues or clients, let’s get this out of the way right up front: nothing interesting happened today–at least not as far as interest rate momentum is concerned. There wa s no significant economic data and bond markets, once again, demonstrated that liquidity is king as the various times of day that hold the biggest surges in liquidity also saw the biggest movement in volume and prices. Is that more about the liquidity during those times (European open, CME open, etc) or is it more to do with how very little was happening away from those times? Certainly, a bit of both, but I will say that the differences didn’t use to be so reliably stark in the past…(read more)
Via:: MBS RECAP: Nice, Slow Grind Into Stronger Territory; Big-Picture Themes Untouched
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