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MBS Day Ahead: It's Still a Waiting Game

Friday, July 10, 2020   /   by Erik Bjorklund

MBS Day Ahead: It's Still a Waiting Game

There really wasn't much by way of riveting new developments on the radar heading into this week.  A smattering of Fed speakers and relatively inconsequential data in early July aren't up to the task of creating big-picture momentum in the age of coronavirus.  That's not to say the Fed or the econ data cannot move markets--simply that more important versions would be required.  For instance, we would need something like an official Fed policy change or a truly surprising shift in data confirmed across multiple significant reports.  That's hard to accomplish with...

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