After a rollercoaster week last week, are we set for more rate volatility this week? MBS Authority senior bond analyst Bryan McNee has explained what to expect for the week ahead.
MBS pricing headed up last week, but not before some tumultuous trading sessions, McNee said.
"Last week we rebounded from the worst levels of 2013 due to a very choppy session. We had a 185bps gap between the worst pricing and best pricing of the week. That's a pretty significant gap," McNee said.
But the week ahead could see further interesting moves, McNee said, with the release of CPI numbers on Tuesday and the Fed Beige Book due out on Wednesday.
To see McNee's full analysis and discover what you need to do to prepare for this week's rate movements, CLICK HERE for the MPA Weekly MBS Wrap.