Rate Rout Gets Ugly Thank to Corporates, Data, and Fed Fear
Rate Rout Gets Ugly Thank to Corporates, Data, and Fed Fear
Abstract
Treasuries and MBS fell to their weakest levels since the middle of June. Stocks are up more than half a percent, confounding the notion that market is trading the Fed accommodation outlook. Corporate issuance and 9:30am NYSE open tradeflows contributed to the move. MBS right in line with previous levels, now up "only" 13.5bps at 3.33%. 10yr yields down a hair. 10yr yield down ahair. 10yr yields on 10yr is up to 3.3bps to 3.35% at 4.7% at 2.2.5% at 1.10.0% on Tuesday morning.
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