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MBS Day Ahead: Limited Data; Trade Headlines Still Asking For Attention

(Mortgage News Daily) - 1 months, 1 weeks ago
 Posted To: MBS CommentaryIn the day just past, bonds enjoyed a break in trade-related headlines, an absence of new Italy/EU drama, and a reasonably informative set of economic reports in the morning. Less enjoyable was the fact that the econ data made a case for bond market weakness. Indeed, the main thrust of upward momentum in Treasury yields followed the 8:30am economic reports. Nonetheless, bonds were able to find a supportive ceiling mid-morning, even as stocks continued to rally. In the da...
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