Posted To: MBS Commentary
While there were plenty of scheduled data and events last week, their impact was severely limited by the holiday trading dynamics (where bonds usually end up doing whatever they want to do, regardless of data). This week may well be a different story. Not only do we have 5 full business days this time around, but the data is in a completely different league . In fact, this week's data could be some of the only data that markets are going to care about given the relative certainty of a Fed rate hike on December 16th. Chief among these is the Employment Situation on Friday. After all, if there's one report where an exceptionally weak result could lead markets to question the Fed's resolve, that's it. Conversely, a strong result would squeeze every last ounce of buying demand out...(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/1Ivi4pN
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