Posted To: MBS Commentary
How's that for an exciting headline? At least it's an " extreme ," technically--just not the sort of extreme that would pique our interest (but still better than the extremes that would peak our interest rates)! Seriously though, trading volumes were easily the lowest since the December 2016 holiday season. Talk turned to political headline risk with Kushner testifying in a closed Senate session today and Manafort/Trump Jr. set for more closed-door questioning in the coming days. The fading of the last-2016 "Trump trade" has been one of the supportive themes helping bond markets push back toward lower rates. To whatever extent this week's political headlines cast more doubt on the administration's efficacy (or conversely, if they put those fears to rest)...(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/2uSoGlj
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