No imminent EU solution means Treasury yields and mortgage rates may drop more.
Posts Tagged ‘10yr Note’
Rates Up .5% More By Dec? Barclays Thinks So.
Barclays co-head of interest rate strategy Michael Pond says the 10yr note will rise to 2.70 or 2.75 by year-end, which he says is fair value if economic data supports no recession—Bloomberg video below. He made two passing remarks about rates not rising this much if bond prices “get another bump from Europe” but was [...]
Fundamentals 10/4: Will 10yr Note Hit 1.47% ?
Factory Orders -Factory Orders (August) were -0.2% -Previous was +2.4% -Consensus was -0.3% -Consumer was not keeping pace and we have seen supply-side data reveal that business is now bringing its thinking in line with the consumer. Retail Sales -ISCS-Goldman Store Sales, Week/Week: +0.1% -ISCS-Goldman Store Sales, Year/Year: +3.7% -Redbook Store Sales, Year/Year: +4.1%. Previous [...]
Fundamentals 9/23: Targets For Treasury Yields
There are no fundamentals today. Treasury yields are up slightly is early trading. Recall that a little over a month ago, we pointed to a technical objective of 3.0% on the 30-year and 1.5% on the 10-year. The 30-year overshot that and the 10-year has another 0.25% to go.
Fundamentals 9/6: Rate Lows Hold To Open Week
ISM Service Sector -Index for August was 53.3 vs. 52.7 in July. -Readings above 50 signal expansion in non-manufacturing sectors -Ten of the 18 service sectors reported growth. -U.S. service sector employs about 4 of every 5 U.S. workers. -Prices spiked, continuing a 25mo trend -Full report Last Friday the yield on the 10-year Treasury [...]
WeeklyBasis 9/3: September Rate Outlook
Rates dropped .125% last week. This after dropping three straight weeks beginning July 25 then staying flat two weeks. The downtrend began with awful Q2 (and Q1 revised) GDP, then a mediocre-at-best July jobs report, then S&P’s U.S. downgrade. Below are specifics on this rate downtrend, plus September’s rate outlook. RECORD LOW FOR 10YR NOTE [...]
Staking New Rate Lows? 10yr Closes Below 2%
For the first time in history the yield on the 10-year Treasury Note closed below 2%. It closed today at 1.996% yield. The day of the Lehman BK was the only other day it went below 2% but on that day it closed at 2.03%. We are in uncharted territory and could see record low mortgage [...]
Bear Attack!
Below are stock and bond closes for a wild day.
Originations 7/1: 10yr Treasury Yields Exploding
-8 Reasons I’m Glad I’m American (LendingTree via FiscalFizzle) -Bair Expects FDIC Fund To Turn Positive In June (HousingWire) -PIMCO’s MBS Head Scott Simon On Housing Outlook (PIMCO) -Time To Be Bullish On Homebuilders? (TradingFloor.com) -Guide to SEC’s Securitization Reform Plan (MortgageOrb) -Corcoran On What Homebuyers Get For $400k (MSNBC) -US 10yr Treasury Yields Exploding [...]
Still Floating Rates After Worse Home Price Data & Before Fed Press Conference
Yesterday’s early-week rate outlook said to hold on locking rates until just before tomorrow’s post-FOMC meeting press conference, and we’re sticking with that given today’s weak February home price data as well as stock and bond trading signals. The S&P Case Shiller February 2011 report of existing home prices showed average U.S. home prices declined [...]
