Posted To: MBS Commentary
Without month-end trading needs and in the absence of one of the most relevant inflation reports, today may well have been a typically slow summertime trading session. In fact, relative to other times of the year, it still managed to be fairly slow. But relative to the past 2 weeks, it was one of the more actively-traded sessions. That's saying something considering bonds generally solidified gains that ostensibly occurred in response to North Korea headlines. The implication (and something we discussed yesterday) is that bonds have to "want" to be in the current range to some extent. At the very least, they have to not have a burning desire to leap back toward higher levels. The month-end trading environment complicates that assessment just a bit because we can never really know...(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/2vviIbB
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