Posted To: MBS Commentary
Everywhere you look, pundits are slamming the bond market , both at home and abroad. This is usually the first sign that we’re about to bounce back into stronger territory. All we need is one or two more self-annointed gurus to proclaim the end of low rates forever in order for rates to come crashing back down. That’s the way it usually works, anyway, but it’s good to remember that even even broken clocks are right twice a day. It’s also good to identify l egitimate risks and hedge one’s bets in the event that the broken clock (or the boy who cried wolf, if you prefer) is indeed telling the truth. Conceptually, I will say that I’d need more convincing when it comes to the current sell-off marking the end of the long term bond rally. But practically, my lock/float strategy…(read more)
Via:: MBS Day Ahead: Important Econ Data, But With Wild Cards In Play
Share this article
