Friday, June 7, 2013

Something strange happened yesterday, the bond market rallied. However, gains made yesterday do not change the fact that the MBS market has moved into new territory. Today has the potential to be the most volatile day this week. This morning, a government report that economist forecast to show U.S. job growth slowed last month will be the market mover. U.S. employers added 163,000 jobs in May down from 165,000 in April. If employment numbers continue to be strong, the Fed may have more confidence in ending its bond purchases sooner than later.

No comments:

Post a Comment