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MBS Day Ahead: Bonds Cheer ECB's Mic Drop

(Mortgage News Daily) - 9 months, 1 weeks ago
 Posted To: MBS CommentaryToday's domestic session begins with a positive reaction to the European Central Bank (ECB) announcement. The ECB broke from tradition by dropping their bigger bombs at the 7:45am announcement as opposed to Draghi's 8:30am press conference. They also arguably dropped the proverbial mic in a way we haven't often seen by making definitive statements about bond buying and rates well in advance of any changes. Specifically, the ECB will taper its bond buying p...
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