Mortgage-Backed Security

Latest Posts

Treasury Yields Hit Record Lows, But Will it Last? 

Dec 01, 2008By

Weaker-than-expected construction spending and quickly falling manufacturing activity helped send stocks sharply lower Monday morning, fueling a continued rise in demand for U.S. Treasuries — and likely pressure from secondary mortgage markets also contributed the extremely bullish bond sentiment as well, sources told HousingWire Monday morning. Call it the two-fer Treasury rally: safe-haven buying combined with a good old-fashioned convexity event, thanks to Fed intervention in U.S. mortgage markets.

What's New?
Updated 11 months ago