The Smart Team of NOVA® Home Loans

MBS RECAP: Range Holds as Risk Appetite Returns

Posted To: MBS Commentary

Several events helped get investors back in a riskier mood to begin the new week. Overnight reports of the "status quo" candidate polling better in the French election helped the momentum get underway. During domestic hours, economic data was weaker overall, but generally ignored in favor of political headlines. Specifically, President Trump said he had big news on infrastructure spending to share at tomorrow's much-anticipated "address before the joint session of Congress" (in other words, don't call it a "state of the union" address). Dallas Fed President Kaplan added to the momentum when he offered his thoughts on the Fed's next rate hike . While he didn't come right out and say "March," he may as well have. Bonds were under steady…(read more)

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Source: Mortgage News Daily

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