Posted To: MBS Commentary
2 more Brexit polls out overnight. Both leaning toward "remain" "Remain" = terrible for bond markets More polls and possibly even some early results will trickle in throughout the day There is also the potential hedge fund impact In case it's not clear (and as much as we may like to be dismissive about it), Brexit is a big deal. Even if it hadn't been a big deal before, it became a big deal the moment the Fed said it was delaying a rate hike because of it. The Brexit could have been anything at that point--something as trivial as vote among Fed members on the caterer for lunch at the next meeting--and we would still be obsessing over it. As it happens, Brexit isn't nearly so trivial, even if it's not necessarily the end of the world. The closer we come to...(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/28Q4hRo
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