Friday, 16 October 2015
MBS MID-DAY: Bond Markets Treading Water and Watching The Clock
Posted To: MBS CommentaryFriday's trading has been slightly less exciting and has cut a much narrower range than Thursday's trading. Markets might as well not even be open . (If that doesn't excite you and make you want to read the rest of this update, I don't know what will). The overnight session was beyond flat, with the 10yr trading range best described as "less than 1bp," for the most part. Stock futures remained capped near yesterday's closing levels or just above, but again, bonds haven't done anything to chase yesterday afternoon's stock market strength. The domestic session opened with bonds in slightly stronger territory, but trending toward weaker levels. The economic data didn't really do anything to help or hinder those endeavors. The 10am Consumer Sentiment release...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. http://goo.gl/MQXrA0
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