MBS Day Ahead: Was FOMC Enough to Change Our Fate?

By Matthew Graham

Posted To: MBS Commentary

No, yesterday’s FOMC Minutes weren’t enough to change the fate of bond markets in and of themselves. They weren’t even enough to get bond markets back to last week’s levels. In the chart below, the current week begins right as 10yr yields (yellow line) break above the dotted yellow line near 2.05%. It’s actually rather disheartening that yesterday’s strength never even mad an attempt to challenge last week’s highs. In fact, it’s downright ominous from a technical perspective. But before we freak out about that, let’s keep in mind that Treasuries are exemplifying the “freak out” trade because they have nothing better to do until Europe makes up it’s mind. If you’ve been reading this site for a while, now is the time to recall the discussions…(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: Was FOMC Enough to Change Our Fate?



About Mortgage News Daily

Mortgage News Daily

Check Also

Condos and Townhouses – You’re Comparing Apples to Oranges

Because I get the regular opportunity to chat with appraisers, I also have the regular …