The rally held into the close; we restore patience and extend it to short files
Call at publication: 16–30 day closing: Cautious float
Past editions
Every published edition, newest first. Each call was made as of its date; read older calls as history, not current guidance.
A hotter PCE print, yet mortgage bonds rally; we stay patient with short files on a leash
Call at publication: 16–30 day closing: Cautious float
A hawkish hold dents bonds, but the trend survives; we trim the patience slightly
Call at publication: 16–30 day closing: Cautious float
A soft morning before the Fed; the trend still argues for patience
Call at publication: 16–30 day closing: Cautious float
The morning wobble faded by the close; we stay patient, short files on a leash
Call at publication: 16–30 day closing: Cautious float
A small morning dip, a strong week behind it: we stay patient into the Fed
Call at publication: 16–30 day closing: Cautious float
Bonds hold the week's gains; we stay patient, but respect a crowded Fed week
Call at publication: 16–30 day closing: Cautious float
Bond relief tilts us toward patience; short closings stay on a short leash
Call at publication: 16–30 day closing: Cautious float
A sharp bond rally lifts the picture, but short closings still protect the gain
Call at publication: 16–30 day closing: Neutral
Short closings keep a mild lock lean as a quiet bond session leaves the month heavy
Call at publication: 16–30 day closing: Neutral
Near closings still lean lock as a firmer bond session meets a heavier month
Call at publication: 16–30 day closing: Cautious lock
How today finished for buyers: our lean-lock read is unchanged