Posted To: MBS Commentary
Global yields begin week at new all-time lows Underlying reasons haven't changed What ends this? If you only look at the US as a representative of global financial markets, you might not see just how bond-friendly the current environment has been. Sure, 10yr yields hit new all-time lows before the open of domestic trading this week, but that's really about the most conservative thing that's going on right now for global bond markets. Why is an all-time low of 1.377% on 10yr Treasuries conservative? Simply put: context. If we expand our view to include major bond markets around the world, we quickly find that 1.377% on a 10yr yield is nothing . The global arms race that's taken place in the wake of the financial crisis isn't about military power, but rather, who can get their...(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/29toRdI
No comments:
Post a Comment