Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

MBS Day Ahead: ECB Quasi-Tapering Well Received, But Corporate Bonds Push Back

The European Central Bank (ECB) was widely expected to do “something” to tighten up its PEPP (Pandemic Emergency Purchase Program) in today’s policy announcement, but they’ve executed it such a way as to trick bonds into viewing it as good news.  EU bonds are having one of their best mornings in weeks–something we might expect to spill over to the US bond market, but that correlation has been imperfect so far as Treasuries still have some anxiety over the looming 30yr bonds auction and ongoing glut of corporate debt issuance.

20210909 open2.png

In the bigger picture, the consolidation pattern…

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates

#fidelityhomegroup, #homebuyerexperts, #mortgagerates #mortgagenews # mortgage