Day two of the FOMC meeting and we are about to get the word on upcoming monetary policy direction. Watch the video to hear the plan and why the government thinks this stimulus package will keep long-term rates low. The real questions is will it work and how will this affect Mortgage Backed Securities and interest rates. I’m taking a locking stance, as I fully expect some volatility this afternoon.
Tag Archives: FOMC
Operation Twist?
Posted in Daily Updates
Tagged FOMC, locking, mortgage backed securities, rates, U.S. government, volatile
Week in Preview 7-12
This week we have the FOMC meeting kicking off and our normal plate of Coupon Auctions. This week we are also riding a fight to quality bid, and rates approaching again the best levels of the year. Watch the video to hear more and see the charts as we lifted off the lows of the year on Friday!!!
Posted in Week in Preview
Tagged Auctions, bonds, Flight to Quality Bid, FOMC, rates