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It’s pretty clear that investors do not have confidence of ANY position the bond markets take. When rates are too high, investors buy the bonds because they think their cheap, but follow the activity with selling the second bond pricing starts to rally. Continue reading Watching rates? I hope you like roller coasters! One consistent trend of bonds, if not all markets, is when you see a quick reversal of trends. It’s clear that bonds are unstable at the moment, but it does appear that Mortgage Backed Securities are starting to rally after 4 consecutive days of losses. This is common because investors will find the point they consider these securities as a bargain and begin purchasing them. Continue reading Dare I say “Rally”? Last week I had predicted we may see a spike in interest rates. Unfortunately, this became more true than I expected. We’ve lost over 200 basis points on the Fannie Mae 4% coupon since the opening day Thursday. We’re past any major news affecting rates and we’re currently just riding the trend wave. Rates continued to move upwards today continuing the ugly trend that started last Thursday. Consumer confidence reports came in much higher than expected. Continue reading Another ugly day for rates…and inflation is still coming |
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