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MBS RECAP: Bonds Defy Friday's Logic to Hold Flat

(Mortgage News Daily) - 1 weeks, 2 days ago
 Posted To: MBS CommentaryWhat would you expect to care more about Chinese economic data: the US bond market or the Chinese stock market? Option 2? Good, I agree. Now, if you said that US bond yields and Chinese stocks were moving higher together in response to strong Chinese economic data, I could also agree with that, but I hope we could both agree that any subsequent reversal in Chinese stocks would be worth at least something to US bonds. That's what happened overnight. In fact, by 4am, ...
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