Friday, July 10, 2020 / by Erik Bjorklund
MBS RECAP: Surprisingly Strong Day Made Possible By Last Week's Rout
Surprisingly Strong Day Made Possible By Last Week's Rout
After last week's rout at the hands of stronger economic data, bonds have been able to enjoy a nominal correction to start the new week. Looking ahead, the bond market's biggest hope is that Wednesday's Fed announcement includes an official bond buying pledge from the Fed (and that it's enough to keep pushing rates back in a friendlier direction).