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MBS RECAP: Bonds Squeezed to Best Levels in Months Ahead of Fed

(Mortgage News Daily) - 4 months ago
 Posted To: MBS CommentaryUncertainty has reigned supreme for much of 2019 as traders weigh shifting economic data, potential data inconsistencies (due the shutdown), trade policy, and Brexit-driven uncertainty against central banks' collective response. Everyone seems to be pretty confident that the Fed's response will include some new news on the topic of its balance sheet at next week's meeting. That uncertainty combined with the prospects for the friendly Fed news took bonds to...
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