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MBS RECAP: Bonds Refuse to Rally Big After CPI's Big Miss

(Mortgage News Daily) - 10 months ago
 Posted To: MBS CommentaryBond markets were clearly interested in today's Consumer Price Index (CPI) data. It generated a larger single minute of volume than the minute following last Friday's NFP report (the one that caused bonds to tank due to the wage growth component). Given the much weaker reading, it was no surprise to see bonds rally fairly well for the next hour. The surprises showed up from there on out, however. Rising European bond yields and advancing equities caused a quick...
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