The Day Ahead: ECB Announcement and Jobless Claims

Posted To: MBS CommentaryHeading into and out of the first Friday of most months, its common to see volatility swell and ebb around the Employment Situation Report. Granted, in some instances, there are other considerations of sufficient size to throw that conventional wisdom out the door, but all other things being equal, it generally holds true. Looking at the last part of January and the first part of February, we may be able to see some of this phenomenon in play, but certainly, we know weve had other market moving considerations. Through whatever combination of post-NFP cooling down and "other considerations," stocks and bonds have both been consolidating their trading ranges for the past two days. Not much has been made of todays ECB Announcement. The lack of attention may justified, or part of the consolidative...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/mortgage_rates/blog/294796.aspx| Call Bonnie Kelly for all your real estate needs: 505-350-8672 @ uwad.com