Posted To: MBS Commentary
Few weeks are as replete with potential sources of market movement as this one. It's a good thing too because markets--especially bond markets--suddenly seem to be right back in the same old range that looked set to be broken by the recent FOMC Announcement. Not much has happened since then, but we did get to see Chair Yellen do an almost complete 180 last week with respect to her much more dovish tone 2 weeks ago. It's enough to make you wonder what is going on at the Fed. What's up with the excessive 'back and forth,' including more than the normal amount of contradiction between members (and even contradiction of oneself)? Perhaps it's as simple as the first ever lift-off from a 0% Fed Funds Rate being sort of a big deal. But perhaps there is something more to it...(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/1L032Ne
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