Posted To: MBS Commentary
Whether we're looking at shorter-term or longer-term charts, we're left with the sense that bonds aren't very interested in following any other market in lock-step these days. Normally , we'd see reliable correlations with something like European 10yr debt (for which, we watch Europe's benchmark, the German Bund) or even with equities markets. At present, the Treasury market's typical "friends" are still "hanging out" from time to time, but Treasuries are much more willing to do their own thing. That willingness grows more evident the longer the time frame we consider. Most recently, their "own thing" has been to lock themselves in their room , where the walls are marked by 2.91 and 2.80. In fact, if we zoom in to a minute-by-minute view...(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 https://ift.tt/2G8AGpo
No comments:
Post a Comment