Posted To: MBS Commentary
Last week ended with bond markets looking like they were at risk of bigger, longer-term bounce back toward higher rates. The catalyst was/is the "risk-on" trade, which refers to investors moving money out of the relative safety of bonds and back into riskier assets like oil and stocks. But the bounce that looked like it was underway in risk markets quickly faded as the new week began, thus helping bonds abort the launch procedure that looked like it was well underway by Friday. Now that oil, stocks, and bonds have--at the very least--paused for reflection before continuing with the apparent plans to bounce, we wait for the next major clue. The best bet is tomorrow's Fed announcement . It's not that the Fed is likely to hike rates at this meeting, but markets will be keen to...(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/1QyHnic
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