MBS Day Ahead: Action-Packed Week With Data, Fed, Auctions, and Technicals

Posted To: MBS Commentary

Lots of economic data on tap including some big names Treasury auction cycle (2, 5, 7yr) FOMC Announcement Wednesday (Bank of Japan Thursday) Month-End on Friday Bonds will be forced to take a stand Bond markets rarely encounter weeks as pivotal as the one that lies before us. There's something for everyone, no matter your favorite market moving category. One of the least important categories of late has been economic data. That could change this week as markets finally get the initial GDP reading for Q1 . Of the three GDP releases for any given quarter, the 1st and the 3rd carry to most weight. Other data highlights include New Home Sales today, Durable Goods tomorrow and incomes/outlays data on Friday. Several 2nd tier reports dot the rest of the calendar. Speaking of dots, this week's...(read more)

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