Volatility Eludes Bonds Bonds saw some steady selling pressure earlier in the week, but with the total damage amounting to an average of 2bps per day in 10yr yields, it was anything but volatile. The past 2 tradi... (continue reading)

While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates . Wed, Thu, and Fri all recorded the exact same level in MND's 30yr fixed rate index--something that only happens a few times every year. Rates are based on bonds and bonds are waiting for more serious... (continue reading)