monthly macro monitor key trends for the agency mbs investorAPRIL 2026 Energy Crisis and Volatile Geopolitical Backdrop: Global energy prices remained significantly elevated in April amid the ongoing conflict in the Middle East and the continued closure of the Strait of Hormuz. Following significant volatility in March as the conflict escalated, the announcement of a temporary ceasefire in early April, which has since been extended, calmed financial markets. Despite the market’s reversion to…