Posted To: MBS Commentary
If I didn't know any better, I'd say it looked like MBS were simply "tired of moving" in relative proportion to Treasuries as the latter undergo some volatility around their all-time lows. If I did know any better, I'd guess that Treasuries were bracing for the impact of a "supply" week. There is the obvious supply in the form of the Treasury auctions occurring over the first three days of the week, and the less obvious supply in the form of other debt being brought to market. It's always good to keep in mind the fact that Treasuries are the baseline (or "index" as in the index on an ARM) for other types of debt. Corporate debt is most notable among these and when rates look to be bottoming out--even if only temporarily--corporations and other issuers...(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/2a3zuAt
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