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MBS RECAP: Bonds Battle Back After Opening Weakness

(Mortgage News Daily) - 3 months ago
 Posted To: MBS CommentaryAs feared, bonds were gearing up for the raft of big-ticket economic data in China overnight. On balance, that data was quite a bit better than expected. The resulting selling spree was thus fairly logical. 10yr yields nearly hit 2.62% before it was over. It definitely could have been worse. I think part of the resilience is explained by the extent to which bonds have moved to price-in economic stability (or even a rebound) in China. Such a thing would definitely be wort...
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