Fake Headlines Moving Markets?
Bonds were almost perfectly flat in the overnight session with yields holding inside a 1.5bp range. Oil prices rose initially, but recovered before the domestic session began. Part of that recovery occurred after headlines said US/Iran negotiations could make a breakthrough according to an Iranian diplomatic source. Social media quickly dubbed the news as "fake," but a legitimate version exists on ria.ru's website. So the news wasn't fake, it was just really really vague and toothless. Even so, bonds reacted to the tune of about 2bps and have been in a choppy, narrow range since then.
Categories
Recent Posts

Bonds Bounce Back After Mid-Day Stumble

Lowest Mortgage Rates in a Week

Broker, UAD 3.6, Property Tax, MISMO President's Observations; BSI's Larry Goldstone Interview

Fake or Not, Hormuz Headlines Helping Bonds

Sideways and Slightly Stronger

Mortgage Rates Little-Changed to Start New Week

VOE/POS, White Label, Equity, Business Intelligence Tools; Loan Limit Changes From Investors

Stronger Start as Oil Continues Lower

Did Japan Sell Treasuries Today?

Mortgage Rates Only Modestly Higher Despite Bond Market Losses
GET MORE INFORMATION


