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It’s too late in the morning at this point to refer to this post as a "Day Ahead," so let’s change course a bit and simply address the biggest burning question of the week: WHY ARE MORTGAGE RATES AND.
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10yr yields rallied aggressively yesterday, and for no reason more compelling than a proverbial "snowball rally compounded by technicals and algorithmic trading." Ugh! I hate typing that stuff. It’s.
(Bloomberg Opinion) — The 30-year Treasury yield has been spending some time below 2% this week, territory it has never before explored. That says scary things about expectations for future inflation.
Mortgage rates were unchanged to slightly higher today–a claim that utterly boggles the mind of anyone who thought they understood the relationship between bond markets and the mortgage world. ALMOST.
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