Yesterday's Recap
- Ben catalyzed technical rally in Tsy's and MBS
- Stocks gained as well with SandP now over 950 two days in a row
- Lower Coupons dominated as convexity buyers perked up
- Other data relatively absent
On Tap For Today
- More Ben, with the senate this time
- Dearth of data continues. (Dearth of Data not to be confused with Long Islander's pronounciation of Darth Vader)
- Dead even to start versus 3pm official close, just a tick or two down based on slightly stronger "going out" levels at 5pm
- More Earnings! So far this AM, just a few:
- US Bank, profits down
- Suntrust, third straight loss
- KeyCorp loss, but smaller than expected
- Wells Fargo Up
- Morgan Stanley 3rd straight loss
- Net effect, futures are down slightly
- Technical levels establish the switchboard for the day, Dr. Ben decides which switches will be hit. (rollin' in his '64?)
MBS Market Alerts
