MBS RECAP: Volatility Inside a Range; Still Waiting For "Something"

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Sharp Credit – Credit News – Credit Information

Posted To: MBS Commentary

There are several "somethings" that could prove inspirational for bond markets at the moment. The biggest among those continues to be any major shift in the stock market. Specifically, if stocks move to threaten recent lows or challenge Oct/Nov highs, bonds would almost certainly be forced to follow. If stocks remain indecisive, bonds could take cues from other sources. The most immediate candidate is "European markets" given that the ECB announcement is coming up tomorrow morning. Beyond that, any major updates on the shutdown situation or China/US trade talks have already proven themselves capable of pushing bonds around. Europe helped US bond markets gain ground heading into the afternoon today (EU market close). Stocks were even getting in on the action, but everything…(read more)

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