Margin Squeeze On. Bond Market Motivated by Deluge of Data. MBS Higher and Tighter

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Posted To: MBS Commentary

I told MG last night that this market doesn't have much of a pulse at the moment, but that we would find out today just how numb traders are after we sort through a deluge of data this morning. ROUND 1 PART 1: RETAIL SALES ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES DECEMBER 2010 : The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $380.9 billion, an increase of 0.6 percent (±0.5%) from the previous month, and 7.9 percent (±0.7%) above December 2009. Reuters Quick Recap... RTRS-US DEC RETAIL SALES +0.6 PCT (CONSENSUS +0.8 PCT) VS NOV +0.8 PCT (PREV +0.8 PCT) RTRS-US DEC RETAIL SALES EX-AUTOS +0.5 PCT (CONS...(read more)

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Source: www.mortgagenewsdaily.com

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