Posted To: MBS Commentary
10yr yields traded well into the 1.3's, surpassing previous low of 1.381 No specific motivation at home or abroad, though there are several supporting actors It's the big-picture "global growth concerns" that get us in the vicinity of all-time lows More focused considerations push us around once we're there. If you think about all-time lows in rates as a far away city, "global growth concerns" ( GGC , to save space) would be like the plane that gets you there and the day-to-day economic headlines would be like the rental car you drive around town. I bring this up because in these cases, we find ourselves talking about "all-time lows" as if they're somehow driven by the shorter-term considerations. For instance, there was weak data in China overnight...(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/29mgc9q
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