Solid AM Gains Stick Around All Day Bonds improved in the morning...
Solid AM Gains Stick Around All Day Bonds improved in the morning following comments from Bessent that gave the markets more insight to his role in defusing last week's frenzy over the potential ouster. In short, he's the voice of reason and the bond market likes that. Additional gains came courtesy of 9:30am NYSE tradeflows. At the time, stocks were sinking. Then in the afternoon, stocks rebounded without pulling bond yields higher. Market Movement Recap10:59 AM Flat overnight but gaining ground in AM hours following Bessent comments on Fed and NYSE opening bell volatility. MBS up 5 ticks (.16) and 10yr down 4.1bps at 4.339 01:02 PM Little-changed versus 11am levels and mostly sideways since then 03:48 PM best levels of the day with MBS up 5 ticks (.16). 10yr still flat at stronger levels, down 4.3bps at 4.337
Solid AM Gains Stick Around All Day Bonds improved in the morning following comments from Bessent that gave the markets more insight to his role in defusing last week's frenzy over the potential ouster. ... (read more)
Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates would improve while most consumer rates would move higher--including mortgages. This isn't conjectu... (read more)
You may not believe in climate change, but your insurance company and mortgage servicer certainly do. It is a fact that warmer air can hold more moisture, and a new peer-reviewed study published in the Journal of Catastrophe Risk and Resilience found... (read more)
Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.
This email was sent to: . Go here to UNSUBSCRIBE from this email.
