Tuesday, June 11, 2013

All was quiet in the Bond Market yesterday with pricing finally stabilizing in the early morning. Treasuries fell for a third day ahead of the three-year auction today. Speculation the Federal Reserve will consider reducing bond purchases still drives market volatility this week. Today reports are forecasted to show retail sales rose .4 percent in April, which would be the biggest increase since February. How, or if this will significantly, move the MBS market is anyone’s guess.

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