Mortgage bonds are continuing to trade near their best levels of the year as government bond yields across the world are at record lows. The 10-yr US treasury yield remains below 1.7%, an important technical indicator that may signal lower rates ahead. German 10-yr government bond yields are nearly zero percent. Asia and Europe have taken the spotlight this week with disappointing economic reports showing weakness in their economies. Oil prices have broken below $50/barrel again. The Fed is not scheduled to purchase any mortgage bonds today, so mortgage bonds are on their own … (2 comments)
government bond yields: Market Update - Thursday, June 9, 2016
- 06/11/16 10:40 AM
What's going on and why does it matter? There have been only two instances in the past 12 months where mortgage pricing has been as good as it is right now. Mortgage bond prices have approached their highest levels of the year amidst global economic growth worries. The 10-year US treasury yield broke below 1.7%, an important technical indicator that may signal lower rates ahead. Government bond yields across the world are also at record lows with German 10 yr government bond yields approaching 0%. Asia and Europe have taken the spotlight this week with dissappointing economic reports showing weakness in their … (2 comments)
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