MBS OPEN: Flight to Quality in Light Trading Volume
Posted To: MBS Commentary
Good Morning. Happy Standardized Test Tuesday! My nephew has Maryland School Assessment tests today, we were pre-gaming this morning. I remember those days pretty well…mostly because they were so incredibly boring and slow. Also because the test's time slots subtracted from favored subjects such as recess and P.E. What I should really be saying is HAPPY FLIGHT TO QUALITY TUESDAY!!! While you were sleeping, a senior director at Fitch Ratings by the name of Paul Rawkins told folks at a conference in London that Portugal's "pedestrian approach is a concern for us". Notice I didn't mention anything about Greece??? Yeh. Thats because more than one EU country is facing some sort of ratings downgrade. Whether or not these concerns are truly legitimate or a target of trader…(read more)
Related posts:
- Flight to Quality Allocations Flee Bond Market. Rates Higher
- Flight to Quality Allocations Flee Bond Market. Rates Higher
- The Day Ahead: Stocks Dip on Sovereign Debt Fears Abroad. Treasuries Get Flight to Quality
- MBS MORNING: Mortgages Performing Well in Light Trading
- Interest Rates Rise as Flight to Quality Loses Its Luster
