Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals. These are led today by another Verizon deal, this time "only" around $9bln (compared to over $45bln last time).
Global equities markets have also been making their highs and lows in conjunction with Treasury yields. This isn't too surprising on a day where there isn't much inspiration from economic data or monetary policy.
That said, none of the movement has amounted to much for Treasuries or MBS. At their best, Fannie 4.0s made it up to 104-10, but are back down to 104-07 currently--just 2 ticks higher on the day.
Non-market-moving highlights from the morning include a Wall Street Journal article on the double-edged sword of Disparate Impact for the CFPB. And we're hearing that 5/3rd is exiting wholesale though there is no official statement yet.
Join Now or Login to Post Comments