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Bond Markets Losing Ground as Flight-to-Safety Unwinds
Posted to: Micro News
Monday, March 3, 2014 9:46 AM
Although there's no 'new news' on geopolitical tensions in Ukraine, bond markets are heading back toward weaker territory as equities open stronger. S&Ps are up 5 points in the first 10 minutes and futures are up nearly 15 points from overnight lows.
Treasury yields aren't in lock-step with stock prices, but have generally followed the move. 10yr yields are up roughly 3bps from morning lows, but still nearly 3bps stronger from Friday's latest levels. MBS have given back most of their gains this morning, but are still 2/32nds in the green in both Fannie 3.5s and 4.0s.
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