Posted To: MBS Commentary

After Friday’s impressive (and much-needed) bounce toward lower yields, the new week/month took on even greater importance than normal as a venue for a shift in the recently ultra-bearish tone. In other words, yields have been surging relentlessly higher, and it’s about damn time for a ceiling bounce (or so we’d hope). Friday’s afternoon gains increased those hopes, and maybe even the odds. If we get the bounce we’re hoping for, you’ll know it. It will be big and decisive. If, on the other hand, yields merely chop around in a wide, sideways range (let’s say 1.38 – 1.62), it will be confirmation that the market is entering the “acceptance” phase of it’s grieving process over the loss of low yields. Why focus on the levels of 1.38-1.62? Chart nerds already…(read more)

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

Published On: March 1, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.