Friday, 7/21/2017

MBS closed the day as it started, in unexciting fashion. 

The real story of the week is the mounting pressure on central banks across the globe to be mindful of the less-than-desirable inflation numbers as they seek higher interest rates. 

The Bank of Japan tried to argue that the country's labor dynamics are causing weak wage growth but Draghi and Yellen have both cited a concern around hiking rates any further in the face of this challenge too. 

Next week markets will get more information on this issue when the Fed holds their monetary policy meeting on Tuesday and Wednesday. 

Have a great weekend.

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