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MBS RECAP: Bottom Falls Out For Both Stocks and Bonds

(Mortgage News Daily) - 1 months ago
 Posted To: MBS CommentaryBoth stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being increasingly noted. British politics are also weighing on markets with Theresa May likely leaving office within the week. Most obviously today, the Markit manufacturing and non-manufacturing PMIs suggested economic contraction (or major deceleration, depending on the internal component in question). This coincided with heavy los...
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