Friday, July 10, 2020 / by Erik Bjorklund
Decent Day For MBS But Broader Trend Remains a Concern
Rates are low. Unless coronavirus wins (or looks like it might), rates should continue to gradually move higher, but not in a straight line. Keep the underlying, gradual, uptrend in rates in mind on days where it seems like things are going well for bonds. Those can be great days to lock in this environment.