There bond selloff intensified the past few days in the wake of the election. I still believe that the potential Trump represents, rather than anything that has been specifically proposed, is the likely catalyst. I am also quite certain that goes along with the change in Chinese behavior where RMB are far more plentiful now than just a few weeks [...]
The yield on the 10-year US Treasury closed at around 1.68% today, but judging by the haughty commentary surrounding global bond markets you would be forgiven if you thought it was 2.68%. Since the low in July around 1.37%, that +30 bps apparently seems like it to many people. Going back to the end of QE2, the idea that rates [...]
It seems as if there is a little more complexity taking place in mortgage finance, and therefore the housing “market”, as the simplified idea of rates running the show isn’t holding water. On the surface, the general theme is one that contours to the outline of conventional mortgage interest as it ran through last year’s selloff. It stands to reason [...]
Stay In Touch