I don't expect the market to gain momentum in either direction until it gains new clarity about the possibility of a May rate hike. The overall trend in housing demand remains relatively weaker compared with 2005.
I don't think this sheds a whole lot of new light on where the Fed is headed. Over the next several months, we retain our bearish bias and expect yields to grind higher.
It took off OK, but then it got snuffed out.
The big part of the move today is driven by the view that the Fed will likely go more than what the market had thought.
The market had been on a bearish trend. This (data) does little to change any views.
The new contract would be more useful for hedging purposes.
The squeeze has eased considerably. We knew the passage was coming.
This confirms our expectations that rates should be headed higher here as people are pricing in a more hawkish Fed.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.