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MBS Day Ahead: Bonds Near Summer's Best Levels Ahead of Fed Minutes

(Mortgage News Daily) - 10 months, 3 weeks ago
 Posted To: MBS CommentaryNews regarding Cohen's plea deal came out right as futures markets were closing yesterday. There were only 15-20 minutes for a reaction, and we wouldn't normally expect to see a full-fledged reaction at that time of day anyway--especially during this time of year. That left some uncertainty as to how today would begin, but bonds ended up being right in line with yesterday's post-Cohen levels a few minutes into domestic trading. Volumes have been far from e...
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