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Holiday-Adjacent Waiting Game
Holiday-Adjacent Waiting Game Monday may not have been an official holiday for the U.S. bond market, but it way as well have been. Volume certainly acted the part, which is no surprise considering overseas holiday closures. Headlines and data had a limited impact, at best. In general the market is w
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BBYS, HELOC Processing Products; In-Person Events Through Year End; Population Shifts Matter
This year, “Bring a Kid to Work Day” is April 23. The name seems to have shifted: I remember “Bring Your Child to Work Day.” The population of the United States also shifts, something that lenders and originators are very aware of in the primary markets, and should be aware of in the secondary marke
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Roughly Unchanged as Holiday Effect Persists
Much of the international trading community remains on holiday today, making for lower volume and liquidity in the US. Bonds have managed to mostly shrug off Friday's stronger jobs report--a fact that we'd attribute mainly to the focus on the unemployment rate over the balmy payroll count. Additiona
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Nothing Else Happened After Initial Selling
Nothing Else Happened After Initial Selling The typical early close for the bond market is 2pm ET. This is usually reserved for a holiday-adjacent day such as Christmas Eve or the day after Thanksgiving. Good Friday is unique. On years where it DOES NOT coincide with a jobs report, it's fully closed
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