Posted To: MBS Commentary
As expected, bonds did nothing today , apart from a possibly detectable response to the inflation-expectation components of the Consumer Sentiment data. Inflation expectations are indeed something the Fed considers when it comes to the rate hike outlook, and if consumers are expecting lower prices, it doesn't make a strong case for increasingly aggressive hikes. All that having been said, there really wasn't much of a measurable response, and bonds are ending the holiday-shortened week in substantially similar fashion to last week, holding a narrow range around the same trading levels. In anatomical terms, late December is like a superfluous appendix, or the average wisdom tooth: it's OK to have, but you shouldn't think twice about throwing it out if it causes you any trouble...(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/2i2WpSS
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