Posted To: MBS Commentary
It's the day before before Thanksgiving, and bond markets couldn't be any less interesting if they tried. Have you ever been so enticed to continue reading about bond markets?! Truth be told, there is a somewhat interesting conclusion to be gleaned from the lack of excitement, and that is that bond markets are right where they want to be heading into the Fed's December meeting. Not only that, but they've been there since before NFP. I should clarify that we're talking about longer maturities only (which implicitly includes MBS, by the way). 2yr Treasuries, for instance have had more of an interesting journey over the past few weeks. 10yr Treasuries, on the other hand, underwent their obligatory pop to higher yields following NFP and have slowly set about the task of returning...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1lhG22n
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