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MBS RECAP: Bonds Battle Back After a Ceiling Bounce

(Mortgage News Daily) - 8 months, 2 weeks ago
 Posted To: MBS CommentaryToday ended up being somewhat triumphant for bonds. It didn't begin that way, however. Yields were higher overnight and moved up just a bit more in the first hour and a half of domestic trading. Early economic data was largely ignored. At 9:30am, bonds started improving . Based on the timing, we can assume ETF trading played a key role as investors put on new trading positions for the new month. Stocks were also losing ground heading into 10am and that seemed to hav...
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