Posted To: MBS Commentary
Things continue to be serious for bond markets (MBS Live members already have their first alert on the day--a rarity before 10am--as well as a generally gloomy update calling attention to the inability of seemingly positive ECB headlines to generate bond market gains). 10yr yields have quickly nuzzled up to a very important pivot/inflection point (a line, usually horizontal or close to it, that tends to act as floor or ceiling when approached initially, and then serves the opposite role after it's broken). Breaking it would be yet another piece of confirmation for a new trend toward higher rates leading up from the all-time lows seen in early July. I'll give you my 2 cents here: I don't think July will ultimately be the lowest rates we'll ever see. But I don't know how long...(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/2dNpZqs
No comments:
Post a Comment