For today, when stocks go tick, bonds go tock

Treasuries are making new lows (high yield) with the latest round of trader selling linked to stop losses.  This happens when a sell order is put below the market to protect against further loss in positions that a traders/investor owns.  Current levels are back to last week’s range, wiping out all of this week’s rally.

Real money and hedge funds have stepped aside, allowing the market to trade one way.  With that element of support taken away and stocks continuing to shrug off the Intel news (negative on Q4 revenue), we (our Austin mortgage rates/pricing) are caught in a nasty crossfire.  For today, when stocks go tick, bonds go tock.  Dangerous price action so be careful Austin mortgage borrowers!  As we speak, the 10 year note is off 40/32’s and 30 year bond down nearly 3 points.

About Max Leaman Austin Mortgage

Great Rates, Low Fees, Close on Time® – (800) 301-3405 Since 2001, Leaman Team has helped clients to purchase, refinance and renovate. The biggest distinction between lenders is their honesty, customer service, and ability to close on time.

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