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MBS RECAP: Bonds Boosted by EU Weakness Ahead of NFP

(Mortgage News Daily) - 10 months, 2 weeks ago
 Posted To: MBS CommentaryBonds were weaker in the overnight session, but only slightly. The onset of domestic trading saw a stronger contingent of traders lined up to buy bonds at the 8:20am CME open . The 8:15am ADP data was weaker. It may have helped a bit, but bonds were keen to wait another 5 minutes before the first noticeable rally of the morning. We drifted sideways from there until weakness in European and US equities spilled over into a risk-off trade that benefited bonds. NY Fed...
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