Posted To: MBS Commentary
Over the past few days, we've seen bigger-than-normal intraday swings in bond markets. The day began with one trend in force only to end with trading levels heading briskly in the other direction. What's up with all that? First of all, there is never only one factor driving bond markets, even though there can be a clear leader in terms of market movers. Moreover, most of the market-movers will be in play all the time for bond markets, regardless of external goings-on. This isn't just a bond market phenomenon by the way. Take away all the external cues--headlines, economic data, monetary policy--and traders will continue to work whatever's left of their strategies and portfolio needs. Sometimes even when there are plenty of external cues, bond markets are simply using the discrete...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1p7VUqs
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