MBS Week Ahead: Limited Data; Important Auctions; Banks Closed Tuesday

With bonds closed on Tuesday for Veterans Day, market participation should be lighter than normal today. That said, it won’t be as light as it would be on some holiday weeks considering that futures remain open. The implication is that we’ll have to wait until Wednesday to determine whether the “high fly ball” hit on Friday will turn out to be a home run or something less exciting.

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