Owner
Main Street Mortgage Company
License:
MSMC NMLS 296814
Paul E Smith NMLS 193580
MBS & US Treasury Markets
7/1 2:24:23AM EST : Delayed Data

Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the notion that market move for logical underlying reasons.  To be fair, month-end volatility also has logical underlying reasons, but the logic requires a fairly deep dive (which is why we have a primer on the topic). Today's only econ data is/was Chicago PMI which has already come and gone with no fanfare.  Trading levels are best described as sideways from Friday and the intraday range, far narrower.  If month-end volatility picks up, it would tend to be in the PM hours--especially in the 2pm-4pm ET time frame.

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Owner
Main Street Mortgage Company
License:
MSMC NMLS 296814
Paul E Smith NMLS 193580