Posted To: MBS Commentary
Bond markets begin the day on the run (the bad kind of run), and if Thanksgivings past are any indication, things could get worse before they get better. Traders still trade on the day before Thanksgiving, but the trading environment is certainly different than an average Wednesday. On an average Wednesday, traders know they'll have at least 2 more days in the week to do whatever they need to do before the weekend. "The weekend" is an important wild card for bond markets because it allows the world 2 days to do "stuff" that could impact bond markets without anyone being around to trade it. As such, traders do their best to calculate, divine, and guess at the best possible position to be in heading into the weekend. The Wednesday before Thanksgiving not only must serve...(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/2gkaTuM
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