Posted To: MBS Commentary
It’s an easy answer to be sure, but this time it’s probably the best one. Financial markets, and especially bonds, stand the best chance to be inspired by Wednesday’s FOMC events. This is one of the meetings that is accompanied by the staff economic projections as well as the press conference with Yellen. Those (4 out of 8 each year) tend to result in the bigger market reactions and March has seen some big Fed related spikes over the years. At stake is a clearer picture of how the recent economic data is affecting the Fed’s steady move toward removing policy accommodation. The first phase would be a hike in the Fed Funds rate , and markets began pricing in a June hike after the last Jobs report. Somewhere between the Announcement and Yellen’s press conference, we could get…(read more)
Via:: MBS Week Ahead: Time for a Change in Bond Markets? Depends on Fed
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