MBS Day Ahead: What Yesterday’s GDP Shocker Means for Rates

With GDP living up to it’s surprising potential, things have quickly gotten more serious for domestic bond markets. Before yesterday, econo-bears could hold out some hope that Q2 GDP might have reiterated the gloominess of Q1 GDP in some way. They could hold out hope that Q1 weakness was about more than just the list of “excuses” that had come under increasing amounts of fire as Q1 GDP kept getting revised lower.

Leave a Reply

Your email address will not be published. Required fields are marked *