Posted To: MBS Commentary
At the risk of repeating a common refrain, rates have been rising gradually since July and in a more volatile way since early September. I've chalked up a fair amount of that volatility to anxiety over the potential European tapering, and I continue to see the early December European Central Bank announcement as the biggest flashpoint for bond markets in the near-term future. That said, it's not the only flashpoint. With what can only be described as 'entirely too many' soundbytes from Fed speakers talking about the need to hike rates, against the backdrop of utter and complete inaction for nearly a year now, it's easy to discount the market moving potential of Fed rate hike expectations. And to be very clear, I mean "discount" in relative terms. We should never...(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/2ek1RNF
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