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MBS RECAP: Bonds Officially Held January's Range Ahead of March Fed Announcement

(Mortgage News Daily) - 3 months, 4 weeks ago
 Posted To: MBS CommentaryBonds began the day in weaker territory following overnight headlines suggesting European leaders would be going up to bat for a compromise Brexit deal. "Less bad" economic data in Germany also contributed to European bond market selling. At the start of the domestic session--particularly the 8:20am CME Open--there was a glut of sell trades in the bond market. This resulted in what was, at the time, the biggest volume spike of the day (by far) and a noticeable ...
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