Posted To: MBS Commentary
Bonds have rallied moderately since last Thursday. Incidentally, that's also when stocks topped out after their run to all-time highs (for most indices). Indeed, stocks and bonds have been a bit more correlated than normal recently as financial markets wait to see where the chips fall for 2017. Said chips include things like fiscal policy, monetary policy, economic data, and general trading momentum. It will take time for the fiscal and monetary policy pictures to become clearer. Econ data and tradeflows , on the other hand, provide a constant stream of information. Tradeflows remained supportive out of the gate as European bond yields moved higher, but failed to break above yesterday's highs. That encouraged similar ground-holding for US bond markets in the overnight session. As such...(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/2jSroi6
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