MBS Fully Recover After Initial Reaction to Inflation Data

MBS Fully Recover After Initial Reaction to Inflation Data There’s no question that this morning’s PPI data hit the bond market. The volume spike was easily higher than that seen with yesterday’s CPI and the market movement left nothing to the imagination. In the big picture, a few bps of weakness in bond yields isn’t that alarming, but if we consider PPI isn’t usually a big deal and that yields were already pushing …