Posted To: MBS Commentary
With bond yields so clearly lifting-off from their recent trend, today should be just another day to consider our relative demise. Being bullish on bonds right now is akin to being dropped onto a battlefield and immediately finding yourself outnumbered and outgunned. Sure, there have been some epic battles in history where small numbers of troops have overcome such odds, but the odds are against us. The month/quarter-end process changes the battlefield into some sort of bizarro world where significant numbers of troops can instantly teleport onto the battlefield. Maybe they're on your side. Maybe they want to kill you. Maybe they're a neutral third party who will simply kill anyone that tries to kill them. The point is that month-end creates seemingly random trades (soldiers). Some...(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/2ts6Rcq
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