MBS Day Ahead: Epically Condensed NFP Day

There is so much on tap today per hour of open market time. It may be some sort of record. Not on the economic calendar below, but still potentially significant is the European Central Bank Announcement at 7:45am. Then Draghi returns to complicate the post-NFP trading with a press conference that begins at 8:30am (same time as NFP and several other pieces of data), but doesn’t begin taking questions for usually 10-15 minutes.

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