Posted To: MBS Commentary
The most notable feature of the current trading week continues to be its lack of notable features . There isn't much data on tap (ISM Non-Manufacturing today, but that's about it). There aren't any major economic/monetary events that have markets speculating (those come next week). We haven't seen any big market-moving headlines, nor do we expect them. With the Fed coming up next Wednesday and the ECB a day later, that's when we would be more likely to see bigger things happening for bigger reasons. Nonetheless, we can still tune in to 2 of the voices in my head to set the stage for what may happen between now and then. Voice 1 is basically a slightly bearish realist who feels that all of the recent gains were propped up by European bonds (thanks to the likes of Italian...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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