Mortgage Blog

December 18th, 2010 7:31 AM

Here is what I got from one of my subscription about the T-bonds:

T-Bonds had a big pop on Friday, as bond investors are starting to get increasingly worried about sovereign defaults in Europe. The IMF poured fuel on that fire by making some negative comments about Ireland just a day after it approved €22.5 billion in loans for Ireland, part of a €85 billion rescue package.

T-Bonds are at an historic oversold state, and should see a huge bounce. That bounce should really accelerate after the first of the year, but is starting now.

So we will see lower rates from here.

Posted by Eric Fang on December 18th, 2010 7:31 AMPost a Comment (0)

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