Posted To: MBS Commentary
Bond markets are slightly weaker so far today, but still very much within the recent range ahead of the 2pm Fed Announcement. Unlike many recent examples, today's overnight session didn't see any influence pass from European bond markets to US Treasuries. European bonds definitely provided cues for improvement in Treasuries, but the latter didn't take them--opting instead to hold almost perfectly flat into the domestic hours. The first and only major source of inspiration arrived at 10am when oil prices and volume spiked massively. In fact, it was the single biggest minute of volume in Crude futures in the past several months (I only have minute-by-minute volume history back to July). The timing is odd because the crude inventories data didn't come out until 10:30am. The only...(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/1HbBxv8
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