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MBS RECAP: Draghi Helps Bonds Hold Range Ahead of Jobs Report

(Mortgage News Daily) - 6 months, 2 weeks ago
 Posted To: MBS CommentaryThe ECB released a policy announcement this morning. They weren't expected to make any significant changes and indeed they made none. Well, to be fair, they did remove a line about increasing bond purchases if the outlook worsened and there was a very small reaction at first (rates moved higher--mostly in Europe). But Draghi's press conference--which is really what it's all about when it comes to ECB announcements--took bonds in the other direction. Draghi...
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