Posted To: MBS Commentary

This morning's alert notes that the bond market is in the midst of one of its scarier scenarios. The ingredients are as follows: a long run in a record low rate range with uncommonly strong help (both from the Fed and from the market movers in play), the gradual realization that the record run is justifying a shift toward higher rates, a key political change in the form of one party controlling congress and the White House, and increased ruminations among Fed members about how much longer their uncommonly strong help will last. Throw in the fact that the biggest jolt of momentum coincides with the start of a new year and this has all the makings of a moment you may wish you took more seriously in hindsight. Actually, that moment happened a week ago yesterday (the day before the GA senate…(read more)

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Source: Mortgage News Daily