So sorry for a late post today. Extremely busy with end of month joy and honestly no data to report.
Today had no economic impact news so the markets have been pretty silent. The FNMA 3.0 did see a very slight uptick of 3bps and then appx 1p took an abrupt turn (not uncommon for a Friday before a holiday week) and the coupon closed at 100.125 down 19bps from intraday high.
Should be more volatility next week as the market prepares for a long holiday weekend an the markets never favor that.
Have a good wkd and see you all on Monday