BY MATTHEW GRAHAM
The “big” news over the weekend was the announcement of an
extension on US/China tariffs that were set to go into effect on
March 1st. While an eventual trade deal would still be a big
development for both sides of the market, the extension was only
worth a modest in-range correction for bonds. The fact that the range is still so perfectly intact suggests this wasn’t the news bonds were looking for.

MBS Day Ahead: Tariff Extension is Old News as Bonds Wait For Powell and Data