Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary Markets were apparently prepared for more economically bullish sentiments from ECBs Draghi this morning, or at least thats the superficial takeaway from the mornings mostly "risk-off" market movements (risk-off connotes stock market weakness and bond market strength). In fact, Draghi wasnt economically bearish, but there were a few dovish anecdotes from the press conference that may have weighed on the Euro (which has been on a major bull-run). We can clearly conclude that the Euro fell hard during and after Draghi, even if the specific reasons for that are less clear. This was the central component to the broader "risk-off" move this morning, which has since carried Treasuries to their best levels since the brief knee-jerk 1.92s that followed NFP...(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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