| Jun 6, 2011 9:38AM If deteriorating stock market sentiment turns a corner this week, it's unlikely to be a function of optimistic data. The calendar of events is simply too light to drive a sustainable directional reversal. The schedule in the week ahead includes much Fed-speak, an anecdotal review of economic developments around the country and the Monthly Treasury Budget Statement. Besides those planned releases, Treasury will auction $66 billion in 3-year, 10-year and 30-year debt on Tuesday, Wednesday, and Thursday... Jun 3, 2011 5:11PM The bond market has been building toward today for some time-weeks, maybe months. The most recent stage of the MBS rally has been in motion since April 11th when underlying benchmarks were able to hold onto ultra long-term support that stretched back to a bullish trend which began BEFORE the financial crisis even unfolded. With the two exceptions of the initial crash itself in 2008 and its encore performance into the fall of 2010, this trend has contained ALL of the movement in the 10yr yield. It...
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