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MBS RECAP: Bonds Under Pressure After Stronger Econ Data

(Mortgage News Daily) - 10 months, 2 weeks ago
 Posted To: MBS CommentaryFrom a calendar standpoint, there were two notable features today. It was the first trading day in September--a month that often sees "something new" happen after bonds trudge through the summer doldrums. It was also notable due to the scheduled economic data, which saw ISM Manufacturing hit the best levels in 14 years. Neither turned out to be bond-friendly! The super-strong econ data is super easy to understand in terms of of "not being bond-friendly....
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