MBS Day Ahead: Bonds Making Case For Friendly Bounce But Data Could Disagree

Home / Blog / MBS Day Ahead: Bonds Making Case For Friendly Bounce But Data Could Disagree

Posted To: MBS Commentary

Here's a quick recap of the past year or so. Bond yields were near long-term highs in the first part of 2018 following the passage of the tax bill and generally strong economic data. Rates surged to even higher long term highs in October and November (ongoing improvement in US econ data, hawkish Fed, rotation into stocks). At that point, a combination of European/Chinese weakness, a potentially overly-hawkish Fed, and high rates sent the stock market into a tailspin. Bonds benefited in a big way. After dropping 70bps in less than 2 months , 10yr yields took a breather in the 2.55-2.80 range for the next two months. We turned our attention to the March 20th Fed announcement to cause the next big move. It did. In not so many words, the Fed was surprisingly helpful to bonds. They also mentioned...(read more)

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



Source: http://www.mortgagen...

6fb5b735 5800 463b 9756 b9cf5856066d a71819f7 53e0 4fb4 aeb0 7d5f9ba6a629 bcf26f42 b495 4064 82db 3fe0aa260054 d0bc2bac 073f 4364 b25f fc402d41abe5 05a4b765 a5b2 40a9 bb54 9a684eb1445d 4bdccf3a 4286 4aea b9ee 4d8df24e011c 2578983d 1bb1 4d45 8c7d be46fc3e2dc0 987e912b 3337 4396 9edb b0f13c54a5b1 09164502 2f2e 4f44 91fe a54e9050539f 826cec90 a6aa 45a4 ae72 20575707d06d ed19d1cd eeb0 467b 84f9 aa0bf25060e1 39c1b108 0c42 4a71 ba2f 99572d648dd7 fbe1e137 a0d3 45f4 a775 9ab9b1d2c825 f5b7639d fb9a 4f2e 89b8 4bb5752a4f4b 79972f74 beef 4295 9b41 e79068c500b8 a8af5279 e852 4cc0 80bd fc862860c11a 747ce535 65e4 454d 9974 e94ed92e1243 e111de9f 2ffe 4d15 8c62 68dcc9660070 0a482ae0 76a6 498d ae68 605ee1508f15 0e969847 8b20 4395 a21e a37a900d4b8c 869d0de2 bb3f 4e69 9a95 958466468d3e e358257c de74 4e33 a271 9c3d84c37d10 7d06168a 16ed 4265 8dbd 4dabe102276a