MBS RECAP: Strong Trend Continues; Another Day, Another Reason

Posted To: MBS Commentary

One of these days we may be forced to conclude that bonds simply WANT to be rallying , regardless of the justification. One day it's Syria. The next, it's North Korea. One week it's geopolitical risks. The next, it's fiscal policy expectations stemming from Trump's comments on the strength of the dollar. I'll stop short of suggesting that market participants are picking individual pieces of justification to suit the day's bond market movement. But I don't think it's unfair to say that there's a broader narrative in place, and that credit is given primarily to stories that fit that narrative. Today it was news that British Prime Minister Theresa May is interested in holding a new general election in June. That's much sooner than she'd previously…(read more)

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Source: Mortgage News Daily

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