Posted To: MBS Commentary2020 In The Books Apart From Token Stimulus Reaction By the end of the trading day, congress was seemingly no closer to inking a stimulus deal than they were yesterday. That said, it could still come at any time between now and next Wednesday. When it does (if it does?) markets will largely have priced it in already, but confirmation will be worth some small additional amount of volatility. Apart from that, 2020 is basically in the books. If we see anything that suggests otherwise, it’s just as likely to be temporary distortions created by the year-end trading environment. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:41 AM Bonds weakened in Europe following unexpectedly strong econ data, but erased the losses heading into the…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.