DislikedBOND YIELDS ARE RISING! THAT MEANS INTEREST RATES ARE RISING....the market is correcting itself
the fed is facing immense pressures from every country to stop monetary easingIgnored
After the introduction of POMO refinancing program began to grow profitability in thirty bonds.
After the Fed agreed to buy Treasury bonds at $ 600 billion, starting QE2, began to grow not only the long-term rates on Treasury bonds. In fact, his actions the Fed reduces the control of long-term rates.
But on November 11 happened at all "scary" ... rates on thirty-year mortgage, according to Freddie Mac made on October 11, 4.17%, and rates on Treasury bonds maturing 30 years was ... 4.25% (average for the week of 4.22%), and on Friday the rate rose to 4.26%.
It turns out a mortgage for 30 years, we have already more attractive than Treasury debt at the same time.
Such are the peculiarities of the debt of the U.S. market you see?
No crystal ball. I read the cards.