Posted To: MBS Commentary
You can't step 2 feet out your front door in 2016 without being pelted by news regarding the close correlation between stocks, bonds and oil. Heck, I've been doing much of the pelting, largely because I'd normally be the first to point out just how unreliable the so-called ' stock lever' can be as far as bond market indicators go. But I'd also be the first to tell you that bonds never want to miss an opportunity to bask in the warm red glow of a particularly nasty stock sell-off. They've certainly had their chance this month. But now something different is happening. Bonds are holding their ground even as stocks are holding theirs. Not only that, but oil is downright pointing back toward higher ground. Still, bonds aren't having it: What's up with that? First...(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/1Vv9Ogn
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