Posted To: MBS CommentaryWhen it comes to financial markets, the definition for “jawboning” is a bit looser than normal as it also encompasses market movement that occurs simply because “someone” said “something.” In other words, in some cases, the person who said the thing that moved markets may not have been trying to elicit a certain response, but I would still call that jawboning. Ultimately, though, what we call it doesn’t matter . The fact is that today’s market movers were all mere comments from a few key people as opposed to any new fundamental or technical developments. These included comments from Jeffrey Gundlach (from late Friday) on the risk of a short squeeze in bonds, comments from Altanta Fed Pres. Bostic on slowing down rate hikes, and reports of the President…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631