MBS RECAP: Bonds Finally Have a Boring Day
Bonds Finally Have a Boring Day
10yr yields traded in a range of less than 3bps during the domestic session today. From 10:30am on, that range narrowed to only 1bp. We haven’t had a day like this in a while–3+ weeks at the very least. When things are flat and boring, there’s not much to say that hasn’t already been said this morning.