Posted To: MBS Commentary Although the important economic releases this morning were either in-line with expectations or better (Home Sales missed expectations, but it’s not an “important economic release” as far as being a market-mover), bond markets have bucked the historical tendency toward weakness in such scenarios. Reason being: this scenario happens to include events from the previous day still exerting plenty of influence–in this case, the FOMC Announcement and surrounding events (Forecasts, Press Conference, and even the strong 5yr auction to a lesser extent).
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MBS Reach Yesterday’s Highs Following (And In Spite Of) Morning Data
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