MBS MID-DAY: Bond Markets Nearly Unchanged After Morning Strength

Long before yesterday’s ECB Announcement, traders and talking heads alike have been lamenting the lack of volatility in bond markets. If they’d only known that BOTH the ECB news and today’s NFP would be so brutally close to consensus, those lamentations might have been accompanied with wails of incredulity, punching of computer monitors, and possibly some gnashing of teeth.

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