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Posted To: MBS Commentary
Good old 2015. January was quite nice for fans of low rates. The hotly anticipated ruling from the European Court of Justice on QE was about to be handed down and tradeflows were already benefiting from new position-taking in the new year. Phrased another way, Treasuries had been more resistant to European influences into the end of 2014 and rushed to catch up as 2015 began. This meant that US rates fell at an aggressive pace heading into February. Treasuries led the first attempt to bounce in 2015 following January's jobs data (released at the beginning of February), but European bond markets held steady. QE buying hadn't even started yet, after all. When it did, there was an unexpected rush of liquidity and an unexpectedly lopsided buyer-to-seller ratio in European government bonds...(
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http://www.mortgagenewsdaily.com/mortgage_rates/blog/480993.aspx- For more real estate news visit our website at http://www.AzHomeHelp.com
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