Posted To: MBS CommentaryVolume may be picking up for the bond market following the typically quiet Thanksgiving trading week, but you wouldn’t know it by looking at the movement in the charts. Yields are still dead flat in the context of the past few weeks. In fact, they weren’t even able to trade outside last Friday’s range. It’s not as if it’s some great crime for bonds to be flat. It’s also not as if that flatness guarantees the next move. In the current case, the absence of change is grounds for some mix of anxiety and excitement as rates are on the edge of re-entering the lower range from the summer months. Either that, or they’re on the verge of bouncing back toward long term highs. It all depends on what happens next. As for today’s specific motivations, it’s hard to delve…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631