MBS RECAP: Uneventful Session, MARKETS CLOSED MONDAY
Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary There’s little to report outside the two words in the title. Today truly was an “uneventful session.” Bond markets might have been at more risk had it not been for the news out of Spain that Catalonia (or Catalunya for you MotoGP fans) needs help from the Spanish government to make ends meet. Yes, the Spanish banking crisis is old news, but this morning’s wire is new news, and THE only major news of the day. With that, Treasuries and MBS were able to hold slight overnight gains, trading uneventfully sideways throughout the session and gladly punching the clock three hours earlier than normal. PLEASE NOTE: MARKETS AND BANKS WILL BE CLOSED ON MONDAY 5/29/12 IN OBSERVANCE OF MEMORIAL DAY. We do not have any scheduled commentary coming out between now and…(read more)
