MBS Day Ahead: Hopes And Fears as Rates Approach Key Ceiling

Home / Blog / MBS Day Ahead: Hopes And Fears as Rates Approach Key Ceiling

Posted To: MBS Commentary

We've talked a lot about 2.55% in 10yr yields as an important floor for most of Q1 2019. It was broken after the Fed's March 20th announcement. For more than a week after that, bonds didn't look back. In the past week, however, the shine has clearly started to come off the rally--so much so that 2.55% is quickly coming back into focus. This time, it acts as a ceiling. The mere presence of a "ceiling" in rates doesn't have much bearing on what rates will do next. Sometimes we get a friendly bounce well before a ceiling is reached. Sometimes we see rates pressed up against a ceiling multiple times before finally giving up and heading back down. Sometimes the ceiling is crushed as if it was never even there. At the moment, bonds are approaching this ceiling as if they...(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...

0fb25524 b882 44c1 9658 4c4bd3cc7ad4 bb681b8e d13c 42b0 aef2 84e3aca5aeea e0478be7 2a29 4265 b265 95386272d14c 161b1c0d e431 4958 beb0 c576244c52e7 e56f8450 0fba 4798 8552 12ba27d756eb 85da1604 0540 46b3 94f8 74cbac754d98 4e3437ee 57a5 49b2 af25 2393376a355e 384f8040 dea3 46d3 8b39 f8a5d629b853 3dea59b7 a528 45fa 94e2 d429102303c8 d5ceb490 dc9d 4386 b059 b2d7ff5f0899 a50d4a91 3189 49b9 bb16 544b86fb201a b954f604 6780 4744 83cd 53210672c322 fb2d869b a12c 4b39 87fb c7a8bcf4ab18 136ae10c b1e0 436e a4fb 1b8fc99c6347 6ee7107a a668 4d0e bdd7 eaf4a2cdf507 e7599aeb 9781 48dc 8b8b 4535e6a52170 59ea231c d8b1 4157 ba8a 0cf290a16af8 99e842d4 2941 4ffd bcf2 17c689679702 e037c24a 9103 4e62 9e20 34c8c76f4b70 9561c704 99f9 4da6 949a aecb6d9a66bd d4ce754b b8f3 4c60 9542 591b1862926b 8f01a19e d8a7 4bb0 af37 c7ddf037dd75 5c6fe86a 8285 46c7 9e85 47bbdbbd4e08