Monday, July 11, 2016

MBS Week Ahead: Slow Start But Data and Fed Speakers Steadily Increase

Posted To: MBS Commentary

To whatever extent economic data matters, the week ahead will gradually crescendo by Friday, which boasts the two most important reports: CPI and Retail Sales. Monday, by comparison has no top tier reports. For traders who care less about data and more about the Fed, there are plenty of Fed speakers about. Thursday is the apex with at least three scheduled speeches during market hours. Tuesday also has three speakers, but 2 of them are taking the stage after hours. Then there's the question of how Fed speakers even matter. We've seen a fairly unified message from most of the Fed, and that message lines up well with the Minutes from the last FOMC meeting. If there's a specific consideration in the short term, it's whether the rate hike timeline has moved up at all in light of...(read more)
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from Mortgage News Daily http://ift.tt/29sSXZW

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