Well today brings about some additional recovery from last weeks ridiculous sell off.
For those who listened you have now regained almost all the losses that hit on Wed/Th last week as the FNMA 3.0 coupon is back to trading at near 100.50 levels again. This indicie was just below 100.5 but closed a touch down from intraday highs and ended at 100.375. Still a nice recovery from the 100bps sell off over panic and fear???
Not a lot of news this week but here is today's data...
We have a light data calendar this week following last week’s heavy run of news. The first data release is on Wednesday with Wholesale Trade followed by a 10-Year treasury note auction later in the day. Thursday we get Import and Export Prices, followed by the Producer Price Index and Retail Sales on Friday. Treasuries are in line with Friday’s close levels and the curve is slightly flatter