MBS Day Ahead: This Would Show That Bonds Are Serious About Considering Even More Gains

By Matthew Graham

Posted To: MBS Commentary

If you’ve truly come to an appreciation of the gravity of bonds’ big picture headwinds over the past 2 years, then the past 5 weeks may feel like a stroke of luck so good that it has to change any day now. More than a few bond analysts were worried about a bigger, sharper bounce when yields first began to rise from longer-term lows on Monday morning, but the sell-off has been very gentle. Without a sharper correction that takes us higher up in the recent range, the fear is hard to quell. Are we living on borrowed time? Have we been allowed into this exclusive club by accident? Are we having some sort of reasonably good dream, destined to wake up at any moment? I could go on and on (and have!) about why 10yr yields in the 2.8-2.9% range make a fair amount of sense right now, but that…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: MBS Day Ahead: This Would Show That Bonds Are Serious About Considering Even More Gains

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

Class Valuation invests in tech company InsideMaps to bring digital imaging to appraisals

By blane@housingwire.com Class Valuation, a growing appraisal management company that recently changed its name from …