Posted To: MBS Commentary
Few days of the year can be more frustrating to bond market stakeholders who find themselves compelled (either by themselves or their superiors) to punch in for a few palty hours to interact with other similarly frustrated market participants. It's a good day to take a break from focused analysis and to share a reminder about the nature of financial markets. In fact, I reserve the right to copy and paste this commentary on a few of the days in late December as well! I remember being so surprised-- incredulous even--to learn that half-days, holidays, Friday afternoons, first days of school, spring breaks, and any of the various days juxtaposed to the more common "out of office" days actually had an effect on bond market trading. Surely, these flashing numbers on the screen would...(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/2fyQIKs
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