MBS RECAP: Bond Markets Hold on to Recent Gains Ahead of Big Week

Next week promises to be big. Even if the events don’t ‘agree’ with each other enough to spark a major rally or sell-off, the potential is there. Due to last week’s geopolitical headlines, bond markets arguably made it down to the lower end of the rate range a bit early to set up their chairs for next week’s parade of data. That created a risk that they’d wander around a bit in the meantime and possibly even find new seats.

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