Posted To: MBS Commentary
Bond markets grudgingly gave up some gains, but only relative to previous close Relative to yesterday's average trading levels, today was flat No impact from GDP or Consumer Confidence Post-Brexit trade continues to drive markets With yesterday's highest 10yr yield of 1.526, today's high of 1.483 was scarcely threatening. If we look only at domestic session trading levels, it was a true "inside day" (meaning today's range was contained inside yesterday's range). All this to make a case for today being flat and indecisive , despite the presence of red on trading screens. Bonds won't be able to win every day, and frankly, I'm impressed they've remained as strong as they have, considering the ground they've covered. It's a testament to the gravity...(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/29m4Emd
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