Posted To: MBS Commentary
Yesterday was an important one for anyone hoping NOT to see the bond market completely give up hope in the fight against higher rates. To be fair, the fundamental realities in place over the past few years have clearly pointed toward higher rates, but there's always some uncertainty regarding how quickly we move and which levels will end up being important. With a break beyond the weakest levels in 7 years, it was (and still is) fair to wonder if we were on the precipice of a more abrupt move. As of right now, that more abrupt move is clearly on hold . This week's strong round of Treasury auctions sends the message that there's even some sponsorship for the bond market beyond the "risk-off" motivations from European political drama. That said, if European political drama...(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/2s4CTJl
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