Posted To: MBS Commentary
Today is a very exciting day for bond market participants. Most of them are on vacation, or at the very least, in a vacation-like state of mind. The latter refers to the magical phenomenon whereby millions of employees are forced to work for whatever reason, but instead end up showing up in body only. Simply put, people may be working, but for most of them, it's only to go through the motions until they can leave. Any interesting developments today in terms of bond market movement are purely an illusion . Such movements would be whatever is left over after trading desks make their last big decisions of the year. For most, this happened in the 48 hours following the FOMC Announcement 2 weeks ago. So it might look like something new and exciting is happening in bonds, for better or worse...(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/1PziPmH
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