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...