Posted To: MBS Commentary
Bond markets begin another week in the same sideways range, still waiting for the same events to suggest the next concerted effort to take yields higher or lower. The difference from last week is that those events are actually on this week's calendar. The leaders of this group of events are the Fed's policy announcement on Wednesday and the Bank of Japan's policy announcement on Friday (or late Thursday night). Rounding out the potential market movers will be a slew of moderately important economic data as well as new debt supply in the form of Treasury and corporate bond auctions. Let's talk about the Fed first. This is one of those Fed meetings where there is almost universal agreement that there will be no rate hike or any other change in policy stance. That's a fairly...(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/2akLmQ0
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