The Volley on the Market Continues

WOW. What a roller coaster on Wall street. Markets experienced extreme volatility once again today especially after the Fed announced its statement at 2:15pm ET. The Fed did not say that it would add any additional stimulus to the economy but Stocks bounced back after the horrific sell-off in recent days. Mortgage Bonds also roseContinue reading “The Volley on the Market Continues”

Huge jump in Treasury bond yields lures buyers back to the battered market

Yesterday the 4% coupon fell 100bp with the absence of buyers, but the opposite happened today as buyers came out in droves and pushed the coupon up 119bp to 98.94! Bargain hunting and a strong performance by the 7-yr note auction were the catalysts behind the move. Stocks had another dull session with low volumesContinue reading “Huge jump in Treasury bond yields lures buyers back to the battered market”

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