Posted To: MBS Commentary
The 4th of July, like a handful of other bond market holidays, doesn't care what day of week the 4th falls on. That makes it one of the very times each year when markets are closed mid-week. That will be the case this Wednesday. Additionally, Tuesday will be an early close. While there's a bit of econ data today and tomorrow, missing either of these days wouldn't be the end of the world for the average trader (or any other stakeholder in the rates market). Holidays aside, July is prime-time vacation season for many Americans. It's also a historically inconsequential month for bond markets (relative to other alternatives). As such, it was no surprise to see noticeable uptick in out-of-office messages as early as last week. All of the above robs the following chart of some significance...(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 https://ift.tt/2KEb1TK
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