Posted To: MBS Commentary
Today was the last day of trading for the month of October. That means money managers had to get a certain amount of bond buying accomplished in order to match their portfolios to the bond indices included in their funds. While much of this month-end position shuffling is accomplished in the preceding days, the final day of any given month typically sees a surge of volume (and sometimes volatility) as the remaining compulsory trades are executed. All we got today was a small uptick in volume just before the unofficial 3pm closing bell for bond markets. Apart from that, it would have been very hard to say whether any trading actually took place today. 10yr yields held in an excruciatingly narrow range of less than 1 basis point for the majority of domestic trading hours. Fannie 3.5 MBS held...(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/2iPALna
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