MBS Week Ahead: Light on Data But Fed Speakers May Shape The Outlook

Posted To: MBS Commentary

This week will be fairly light in terms of scheduled economic data . The first relatively significant report won't be out until Wednesday (Existing Home Sales). The remaining days of the week only have one major report each (New Home Sales on Thursday and Durable Goods on Friday). Moreover, with the exception of Durable Goods, none of these reports could be considered upper tier in terms of market movement potential. Potentially more interesting to markets will be a raft of Fed speeches. In late February, The Fed embarked on an overt campaign to quickly nudge market expectations for a March rate hike. Vice Chair Fischer even admitted as much at the end of the most active week of Fed speakers. When asked what she thought about the disconnect between market expectations and the Fed policy…(read more)

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Source: Mortgage News Daily

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