mortgage bond prices: Market Update - Monday, June 13, 2016
- 06/13/16 03:27 PM
What's going on and why does it matter? This is likely to be a big week for the markets as the Fed is scheduled to meet and issue their monetary policy statement on Wednesday. While the market is not expecting the Fed to increase short-term rates, all eyes will be on the Fed's monetary policy statement for clues as to their future plans... especially with regard to their mortgage bond buying program. The Fed has been the biggest buyer of mortgage bonds in the market, and they are scheduled to purchase up to $2.475 billion in 30-yr conventional mortgage bonds today. (2 comments)
mortgage bond prices: 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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