Posted To: MBS Commentary

Bonds are making a case for a bigger picture bounce with 10yr yields turning a corner just before hitting the epic psychological barrier of 1.0%. More than a few traders and analysts have been vocal about a break of 1.0% being highly likely by the end of 2020, but the past 8 trading days are causing second thoughts. Vaccine-related news is center stage for this debate. It looked as if it would push yields over 1% last week, but it looks completely different this week. As of this morning, bonds barely registered a reaction to some of the best vaccine news to date. The following chart shows all three of the recent reactions to vaccine news. Today's is the smallest, and that's fairly logical considering it was only an update to Pfizer's initial announcement at the beginning of last…(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