MBS MID-DAY: Bond Markets to European Central Bank: “That’s it?

It’s been a busy morning for bond markets, with lots of economic data as well as the European Central Bank Announcement and Press Conference. Several geopolitical headlines also vied for attention during the busiest moments.

Things are calming down now though bond markets remain near their weakest levels of the day. Once again, Treasuries have gotten the worst of it–largely because they got the best of it on the way to lower rates.

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