Posted To: MBS Commentary
Stocks and oil have had a big impact on bonds, but they're not the only story Central bank rhetoric has been helping Treasuries hold ground when stocks/oil bounce higher How long that lasts depends on what central banks actually do to back up their rhetoric European announcement coming up next week In the meantime, oil/stocks can still pull yields higher if they try hard enough Bond markets have obviously found their mojo in 2016. Their form of magic has been to capitalize on stock/oil weakness in a big way, but then in the same breath, to avoid following stocks/oil back up on the bounces--at least not at the same pace. In other words, rates have been falling reliably when stocks/oil have moved lower, but rates haven't been moving back up by a proportional amount. What's up with...(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/1RsDvxC
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