September 30-Year Treasury Bond Futures recently down by about two points
While September 10-Year Treasury Futures were about 1 5/16 points lower on supply worries and stronger-than-expected economic data.
It looks like these future prices are really pricing in some serious damage.
Let the Tailspin/Downward Spiral begin.
I should have known better by looking at the 2s-10s spread which has been rising once again.
Mortgage Rates Back Up
So Long Re Finance.
Whats on Tap For Next Week? Surprise! More Supply.
$40 billion 2 Years on Tuesday
$37 billion 5 Years on Wednesday
$27 billion 7 Years on Thursday
Total: $104 billion.
Greenspan sort of predicted this by saying it would never happen - it was his "worst case scenario". Again, thank him and Phil Gramm.
ReplyDeleteThe back up in Rates is not good...but far from a total disaster...The inversion of the yield curve is very worrisome.
ReplyDeleteThanks For the Comments.