Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Little has changed for bond markets since the first update of the morning at 9:27am below. Whereas the "risk-off" undertones were broadly positive for MBS and Treasuries yesterday, "risk-on" is simply taking things back in the other direction today. In both cases, equities markets and European markets are in play. Whereas market participants looked to Europe for guidance on yesterdays quiet session and found a way to rekindle EU turmoil, theyre doing the same thing today, but are finding the actual data coming out of Europe to be painting a different picture. Its not that yesterdays quick change in the European outlook was "unfounded," just that it was less founded than todays strength. To be clear, theres every possibility that further Eurodrama...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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