MBS RECAP: We've Been Here Before But This Time's Different

Home / Blog / MBS RECAP: We've Been Here Before But This Time's Different

Posted To: MBS Commentary

In the past week, we've seen 10yr yields rise up and over 3.06%, flirt with 3.10%+ and come back down. This has happened only one other time since rates set all-time lows in 2012 and 2016, and that was in May of this year. Granted, rates drifted just a bit higher in May, but the patterns are similar. If we line up today with the corresponding day in May, tomorrow is a huge rally for bonds. But this time around, things are different. While that won't necessarily mean anything tremendously bad or good, it does mean that past precedent isn't actually suggesting the big rally. Reason being: the big rally back in May was almost entirely due to the Italian political drama. In terms of similarities, in both cases, we've had an overabundance of traders betting against bonds. So IF bonds...(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...

63f120bc f68f 4e29 b012 612fb08480f0 315e5587 44cb 405b 9c9f c83ee3e7ae6b c48fad54 f244 42d7 9b28 1c45e3361a9f 9bf9c04c 24ea 4934 aa90 b045514e1258 a015387e 46a9 4032 a458 0d912d8b17a8 afca4245 6051 4c68 b1b5 4faad77141d5 db78f775 07f7 4e7a a959 5abc0ac57916 fea2d3cc c3c4 4f28 a527 9b76d9c49900 aafcb3c7 a3d6 44ad b02b 658caa4841bf 8cab4dfd 719c 44fa b810 8afa7bcb2687 9c495904 1b7e 403f 82ab 135c3af65b2a 8ff97680 d492 49bc 8102 3d0621102acf a79332b4 cfce 4c0e a13b c997b9e3c48b 0d4ad722 c18d 404a aaa9 bb43aa86c0c8 b51ff910 6e4e 4de1 82f5 26b6944f891c a11fe73c a50c 4ad0 a337 2b89514bbd20 4c7386df 2795 4ab2 9ed9 dc89771562ab 2bae5087 e2fd 45b2 98c9 4cd2f045f14c 7e1e6d62 53e3 4d87 ad35 8886adaf3e14 b9ab2ca0 f1dc 4ebd b91e 2290b60741cc fdf870f9 e85e 406e a4a9 6231687628b0 2ce69bfa e606 46ce aa3a 077fc3cd009e 955230f3 ed31 4d9a a64f 31498229517b