Posted To: MBS Commentary
Unfortunately, we won't really know until after this week is over, but if today is any indication, bond markets look like they're willing to consider another run at the best levels of 2017 . 10yr yields made it as low as 2.21% today, a mere 4bps higher than the important 2.17% technical level seen in the days following the US presidential election (yields created a "gap" by closing at 2.15% on Nov 10th and opening at 2.17% on Nov 14th--such gaps are considered significant from a technical perspective). Today's strength wasn't apparent from the outset. Although bonds did pick up some ground during the overnight session, the initial reaction to the 8:30am economic data took us right back in line with Friday's latest levels. The weakness was short-lived . Treasuries...(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/2rCw2bw
No comments:
Post a Comment