Real Estate, Home & Garden News | For a better home

Posted To: MBS Commentary After the last of this morning's economic data hit, we'd basically seen all there is to see this week. With tomorrow being a Quadruple Witching day, economic data is limited to a sole report (consumer prices) and the trading that does occur isn't widely expected to be high volume or of high importance. Indeed, most of the cards in various decks have been put on the table since Tuesday's 10yr note auction. Most of the remaining cards were drawn out after yesterday's 30yr auction and this morning's subsequent paradoxical reaction to better-than-expected economic data. In short, Europe remains in focus and markets remain unconvinced that catastrophe will be avoided. So even if domestic economic data is positive, to trade it as such would be like trying to swim against the obvious waves being made...(read more)