MBS Week Ahead: Bonds Look to Data and Month-End For Breakout Potential

Posted To: MBS Commentary

Whereas the previous week was generally devoid of significant economic data or market moving events, the current week is more of a contender. On the data front, there are relatively important reports throughout the week including a key inflation report on Friday (PCE). Given the extent to which Fed speakers have increased their focus on inflation specifically (as opposed to "inflation + _____, where the other considerations include job growth, financial conditions, and geopolitical risks), traders will be increasingly focused on inflation data . Friday's PCE is one of the Fed's favorites. Speaking of Fed speakers, there are several on tap again this week, with Yellen herself taking questions at a conference in London tomorrow afternoon just after 1pm ET. Markets are hoping she'll...(read more)

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