MBS RECAP: Jackson Hole Follow Through Helps Bonds Hold The Range
Jackson Hole Follow Through Helps Bonds Hold The Range
Bonds were at the top of their recent range last Friday, but buyers emerged after Powell’s Jackson Hole Speech. The new week brought a gentle but obvious version of the same trade as both stocks and bonds improved at the NYSE open. Ultimately, that only served to reinforce a sideways range as markets wait for this week’s data–especially Friday’s big jobs report.