Posted To: MBS Commentary
So far this week, we've really only had one major piece of economic data in the form of Existing Home Sales on Monday. Today we'll have three such reports. Durable Goods and Jobless Claims lead off in the 8:30am time slot and the New Home Sales report is out at 10am. Of the three, Durable Goods has the greatest potential to sway the near term trading environment. The afternoon has its fair share of potentially relevant events. First up is the 7yr Treasury auction. In and of itself, it's the least important of any of this (or any) week's auctions. But what it lacks in individual street cred, it makes up for in timing. Reason being, 7's are the last auction of the week. That's important on a week like this one because there's been ample evidence of "supply" pressure hurting bonds . That said...(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/1LPHHT0
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