Posted To: MBS Commentary
If you follow equities markets much, you know that today was pretty ugly --especially for the tech sector. In fact, most equities analysts are blaming the tech sector for the sell-off. I might add that the notion of ECB tapering isn't a friend to stocks either, and it regained traction today according to currency and bond markets. There are several headlines that we might focus on in order to justify the bond market negativity but ultimately, the biggest volume selling of the day was completely unrelated to any available news. This suggests one of two things: either traders are making big month-end adjustments (like a few big traders that may have bought too many bonds too early in the month-end buying process). Or traders are increasingly pricing in the risk of ECB tapering. The latter...(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/2uoPohT
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