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MBS and Treasuries now at Weakest Levels Despite Tame Chicago PMI
Posted to: Micro News
Monday, June 30, 2014 9:50 AM
Early pricing lenders could already be considering negative reprices as bond markets have given up all their gains in a move that essentially started just after 9am. The quickest movement has come online just after the 9:30am cash open in stocks , though the bond market weakness hasn't translated to an equal measure of stock market strength.
Chicago PMI data was slightly weaker than expected, and is not a market-moving consideration at these levels
- Chicago PMI (June) 62.6 vs 63.0 forecast, 65.5 in May
Pending Home Sales data is coming up in 10 minutes.
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