Posted To: MBS Commentary
Today was another good day for bond markets despite the fact that Treasury yields moved somewhat higher during the course of trading hours. At least in today's case, bonds didn't require an injection of geopolitical drama in order to maintain their position in the low 2.2's (10yr yields). This helps build an ongoing case that the September rate spike was merely a correction to a nice summertime rally and that both have now run their course. With the 2-month rally and 2-week corrections having run their course, that leaves us waiting for the next move to become apparent. Market participants figured there was a chance that a Yellen speech this afternoon could have served as the motivation, but bonds shrugged it off fairly quickly. Earlier this morning, the economic data fell on deaf...(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/2fOXEmo
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