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MBS RECAP: Bonds Think it Over After NFP, Then Finally Decide to Rally

(Mortgage News Daily) - 7 months, 1 weeks ago
 Posted To: MBS CommentaryThis morning's trading--both before and after NFP came out--basically acted as additional time for debate . Both MBS and Treasuries bounced quickly, but symmetrically around yesterday's closing levels before finally choosing a direction. Actually, the direction may have been chosen for them to some extent, as it was the stock market that made the first move. To bonds' credit, they didn't lose their cool in the first hour and a half of trading as stock...
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