MBS Day Ahead: How Did We End Up In This Mess?

Home / Blog / MBS Day Ahead: How Did We End Up In This Mess?

Posted To: MBS Commentary

The question posed in the title is just a bit too big for us to cover in this humble "day ahead" post, but we can touch on a few key points. I just thought it was a good time to revisit it, given that 10yr yields are beginning the day once-again approaching the 3% barrier--something they've only done a few times since hitting all-time lows. Following rate movement on a daily basis lends itself to overanalysis. In the biggest of pictures, the rate reality we're seeing today is largely the byproduct of plans set in motion a year ago. Specifically, the tax bill that materialized last September did more than anything else to precipitate the slow-motion train wreck that we've lived through as stakeholders in an industry that's highly dependent on rates. This is easily seen...(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...

2dfb31d0 e9cb 480c bf14 e53a7bf02cd3 44f23c89 514c 40a9 96d9 aa7e689e7e30 210fdaec 25af 497d 8477 64b4a02d594c e4df0257 137f 430f aef6 f4a697a36e0f 1fc3d3d9 03f0 4a75 84be 4bc1103b6630 5f6efc30 b19d 4ac9 97b2 3d4884cd4325 8e16f1f2 5eaf 4bcf 98bd 67afeb9391f0 e56c1274 f2d5 452c a438 ad35b4703219 bf6790cd 4bcc 43d0 8d3c 0cd0f636dce6 dc3430e4 e411 4ac7 af78 b5a6f6f21f69 4f57da41 4bc4 4ec8 9bee cdddccf5c8f6 1b5771f6 da79 42bb 91e7 3c406b0f1428 f7e21cc3 a477 421d 91b3 fd2b38a046f9 17b32380 6743 46c4 8a7a 1c49b8e86134 60a53e23 5baa 4da4 b7b4 83660911b0e8 d9ff490c 0e9a 4d63 b9a8 13330e4c377b 489c863e 5aa4 43ff b1e1 f41ff7765170 363efe0d 8ac2 49a9 92bb b346dbf2d5d8 5c433d92 3e0b 4eb6 b079 044d9ac52d0c d3b91435 3884 4d24 8297 61e983e67b52 6fb5da4a 4a27 439d bc60 470e4ae5d366 ed8fe866 9d57 4300 a238 c3c6b4d1d784 acf69dea 635f 4a3f a801 a087cf109dfa