Bond Yields Will Retreat If Green Shoots Stop Growing
Posted on June 18th, 2009 by Mortgage Refinancing News
FP Trading Desk submits: The garden needs watering for the green shoots to grow. Rising mortgage yields in recent weeks need tending to by the Fed or a U.S. economic recovery may not take hold. As a result, the stock market rally since the start of March has effectively stalled and bond yields have peaked for now. One cornerstone of Fed policy has been to achieve a narrowing in mortgage spreads over ten-year bond yields to encourage mortgage refinancing by cash-strapped U.S. households. That
Filed under: Mortgage Refinancing News
