Posted To: MBS Commentary
Strong overnight pop in Treasuries, ECB headlines cited Record low 30yr bond yield and near-record low in 10yr yield Bonds lost ground after Europe ran out of steam Bonds lost more ground after ISM data, but held on to modest gains All in all, today managed to be fairly interesting, considering its status as a "half-day before a 3-day weekend." The overnight trade was driven by some important headlines out of Europe. These dealt with the recent rumors that the ECB was considering changing its rules for how much sovereign debt it could buy from any given country. Under the current system, bond buying is based on the level of contribution that a country has made into the ECB. In other words, it's proportionate and fair. The rumor was that the ECB would consider buying more bonds...(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/29i3JWf
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