The Ticker
MBS plummet due to stock rally
2/8/13 2:46pm
A rally in stocks has hurt MBS this morning. The December Trade Deficit declined to $38.5B, far below the consensus of $46.0B. The strength in exports helped the stock market.
Since the first reading for GDP estimates certain data, today's actual results will almost certainly lead to an upward revision to fourth quarter GDP, lifting it to positive growth.
