Posted To: MBS Commentary Volume in the overnight session was just under recent averages but respectable overall. 10yr Treasuries rose as high as 1.9681 after a relatively strong Italian debt auction. Beyond that, there was no major driver of trade as it seems bond markets have opted to shy away from overly aggressive bullish breakouts and are perhaps waiting for this morning’s GDP, next week’s NFP, or resolution to Greek bond-swap talks that may come some time in between.
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The Day Ahead: GDP, Consumer Sentiment, and Euro Headline Potential
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