Posted To: MBS Commentary

It was impossible to avoid Brexit-related headlines in 2016. Indeed, they were the driving force behind Treasury yields hitting new all-time lows at the time. Since then, the seriousness of the Brexit conversation has waxed and waned as various deadlines have come and gone. As recently as October 2019, this was one of the key talking points for US bond markets, culminating in official withdrawal at the end of January 2020. After that, the UK had until Dec 31, 2020 to hammer out a trade deal with the EU. With 3 weeks left for such things, and several sticking points clearly unresolved, markets are paying more and more attention. This isn't destined to be a dominant market mover for the US bond market, but as the new week begins, it is enough to help Treasuries come out of the gate in slightly…(read more)

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Source: Mortgage News Daily