MBS RECAP: Massive Sell-Off in Stocks but no Rally in Bonds

It’s not often you’ll see the S&P down over 30 points with less than 1bp of day-over-day movement in 10yr yields, but that’s where we’re heading out today. Things might have been worse for Treasuries, however, had it not been for the stock selling, which prompted some asset reallocation ahead of month-end (sell stocks/buy bonds).

Leave a Reply

Your email address will not be published.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