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MBS RECAP: Super Weak Data Mostly Tuned-Out Ahead of Holiday

(Mortgage News Daily) - 7 months ago
 Posted To: MBS CommentaryBond markets have a habit of getting progressively more quiet heading into Thanksgiving. It's not the kind of thing you should bank on from a strategy standpoint (because there are exceptions), but you shouldn't be surprised when it happens. And it happened in grand fashion this week with 10yr yields walking out the door at 3.065% every day for the past 4 days! When bonds are this determined to stay sideways, economic data that might otherwise have a bigger imp...
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