MBS RECAP: Bonds Recover After New FBI Headlines

Posted To: MBS Commentary

The political theater is ramping up quickly, with unexpected afternoon twitter headlines stealing the show from longstanding market movers like ISM Manufacturing. It wasn’t even a close call today. Political headlines dominated bond market volume and volatility this afternoon, with the most recent being an FBI data dump on a 2001 investigation into the Clinton Foundation. There are more questions than answers when it comes to today’s headlines, but all that really matters is that it caused a viral spread of the following words on twitter: Clinton, corruption, and FBI. The counterpoint seems to be that this data could have simply been posted in response to Freedom of Information Act requests. Long story short, all it takes is for the FBI to get enough requests for these old files and…(read more)

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