Posted To: MBS Commentary
Whether you fancy a tug-o-war analogy, or perhaps even a good old case of dueling banjos, US bond markets have been in the middle of a relative battlefield and haven't yet decided which way they'll run. This indecision is plain enough to see if we just zoom out a few weeks on a chart of 10yr yields. The extent to which 10's HAD been trending-- but have now ground to a sideways, indecisive halt--is palpable. Even if we take this analysis no further than the chart above, it's heartening, all things considered. After all, here we are with yields trading sideways in a narrow range centered on 1.75. First of all, that's not the sort of claim many folks thought they would be able to make if you'd asked them to predict the future at almost any point before 2016. Second of all...(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/1nfO3p6
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