MBS Day Ahead: After Defeating Feb/Mar Threats, What’s Next for Bonds?

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Posted To: MBS Commentary

Bonds continue to defy critics with 10yr yields in the 1.7's into Q2 We can't really say "it's stocks" anymore Oil is still part of the motivation, as is Central Bank policy Previous Feb/Mar uptrend in rates defeated. Waiting for new trend to establish itself Bond markets scored a major victory last week, and now it's time to find out if they can capitalize on it. The victory in question is the defeat of the worrisome uptrend that began in mid-February after yields bounced at long term lows (1.66% closing yield and 1.53% intraday in 10yr Treasuries). But it wasn't until the beginning of March that rates began rising at their most disconcerting pace. But it wasn't until the beginning of March that rates began rising at their most disconcerting pace . Stocks…(read more)

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