MBS Live Recap: Uneventfully Holding Near Long-Term Rate Highs

Uneventfully Holding Near Long-Term Rate Highs

This morning's commentary centered on last Friday's dark horse market mover (the overseas central bank announcements from the previous day).  That helps us reconcile a surprisingly big reaction to the jobs report.  Heading into the new week, European bonds remain under pressure and US bonds weren't eager to lead the charge back down to lower yield levels.  Bonds improved somewhat in the afternoon, but Treasuries were unchanged at the close.