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Bond Markets Reverse Course, Losing Ground After FOMC
Posted to: Micro News
Wednesday, June 18, 2014 2:08 PM

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Although bond markets initially popped into stronger territory following the release of the FOMC Announcement and Forecasts, they've since given up the gains to move to the weakest levels of the day. 

Liquidity is a VERY big problem right now in MBS.  Buyers and sellers are not seeing eye to eye and it could make for BIG jumps in price indications.  10yr yields are a bit better in that regard, and the current yield of 2.644 tells a bit more accurate story.

More knee-jerks could be on the way before markets decide on a final direction, but for now, things are getting risky. 




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Mortgage Rates:
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  • 15 Yr FRM 3.12%
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  • Jumbo 30 Year Fixed 3.88%
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Recent Housing Data:
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  • Refinance Index 10.63%
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  • FHFA Home Price Index 0.67%