Saturday , 23 January 2021

MBS Day Ahead: Today Probably Won’t Decide the Permanent Fate of Rates in the US

By Matthew Graham

Posted To: MBS Commentary

We’re all a bit shaken up–us market watching types. Almost all of 2014 through January of 2015 was great, and now February has stuck out like a sore thumb. This week’s refreshing rally on Tuesday was the first real glimmer of hope. As of Thursday night, that glimmer was far from extinguished , with 10yr yields holding under the important 2.04 technical level after having been as high as 2.16 in the previous week. All of that is good, but any strong bouts of selling are unsettling right now. We want our glimmer to grow and flourish–not to have merely been a cruel harbinger of false hope. I’m here to tell you that even if today ends up being rotten for domestic bond markets, it has almost no chance of rendering a final verdict on long-term bond market strength. I only use the word…(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: Today Probably Won’t Decide the Permanent Fate of Rates in the US

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …