Posted To: MBS Commentary
Bonds right on the edge of confirming positive shift We need to hold ground today in order to confirm Even then, we have to wonder about the "month-end" effect Data could have an impact, but it depends on size of beat/miss The Fed is looking for inflation and not finding too much of it based on Wednesday's FOMC Announcement. The Fed's statement helped bond markets recover quite a bit of recent weakness as the text removed the previous reference to inflation showing signs of picking up. Markets are clearly skeptical as to whether or not the Fed can pull off its stated goal of hiking twice in 2016. The bond rally on Wednesday, and modest extension yesterday, brought yields right to a critical crossroads in terms trading levels and technical indicators. 10yr yields are right...(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/1T9KB8y
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