Posted To: MBS Commentary
After today's Existing Home Sales data (which is unaffected by the government shutdown because it's published by the National Association of Realtors), there will be no other bigger-ticket economic reports this week. Most of the blame for that lies with the fact that there simply isn't much on the economic calendar on this holiday-shortened week. But the most important blame is reserved for the ever-present government shutdown which will prevent the release of Durable Goods on Friday--the week's only truly big-ticket report. It's our expectations--or at least our hope--that the absence of big-ticket economic data will keep bond markets in a sufficient state of uncertainty as to prevent the break of a key ceiling just overhead at 2.82%. As always, such ceilings may end up...(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://bit.ly/2U2LuIa
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