Posted To: MBS Commentary

Much of 2019 has been "interesting" from an analytical standpoint. Things were happening. Markets were reacting. Movement was big and directional. Even as recently as 2 weeks ago, we had quite a lot to talk about with respect to the important rate ceilings in the 1.9% range being broken (10yr Treasury). Hindsight made it clear that the potential range breakout had more to do with the calendar and the confluence of a few one-off events. When the smoke cleared, it had merely clarified the upper boundary of the current range. But in so doing, it also confirmed just how range-bound the bond market is. Apart from the first part of October and the 2nd week of November, yields have been trading a range of 1.67 to 1.86 for well over 2 months now. This makes good logical sense, unfortunately…(read more)

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

Source: Mortgage News Daily