Posted To: MBS Commentary
Bonds slightly weaker overnight; no major drama AM employment data (ADP and Jobless Claims) prompted more selling Stock prices and bond yields bounced lower together at 10:30am Bonds didn't make it back to positive territory but came close By the end of the trading session, 10yr yields were less than 2bps higher and still in the "high 1.3's" (which has a nice ring to it). Fannie 3.0s lost less than an eighth of a point and the only brisk move of the day was in a friendly direction as bonds quickly recovered from more gradual morning weakness. When it comes to blaming something for that weakness, we don't really have to look any further than the past 8 days of amazing strength. In fact, if we consider that yields hit new all-time lows on each of the past two sessions and...(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/29SKIaT
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