MBS MID-DAY: Bonds Remain in June's Range After Nice Boost From Greece

Hot news from AZ Home Help:

Posted To: MBS Commentary

Treasuries have safe haven appeal on a global scale. This is frequently seen when Asian markets are open for the first few hours of each trading day before European markets open. During that time, Treasuries are one of the most logical assets in the search to avoid risk-- especially when the risk is focused on Europe. As such, it's not uncommon for overnight (and especially "over-the-weekend") events to have their biggest impact on domestic rates before 3am. This was the case today as 10yr yields opened at 2.274 and traded mostly under 2.30 before Europe cam on line for the day. From that point on, rates drifted gently higher, despite remaining in positive territory day-over-day. By the start of the domestic session, 10yr yields were just over 2.30 and MBS opened just over a quarter...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/485051.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com