MBB

Vanguard spotlights opportunities in the bond market as rates are expected to decline

Vanguard spotlights opportunities in the bond market as rates are expected to decline. Inflation has cooled to levels that would allow for the Federal Reserve to start cutting rates in 2024. The shorter end of the U.S. 2 Year Treasury yield has fallen 5 basis points to 4.37%.

Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

Yield curve between 2s/10s comes to closest level of becoming un-inverted in 9 months

Yield curve between 2s/10s comes to closest level of becoming un-inverted in 9 months on Thursday. The inverted yield curve between the U.S. 2 Year Treasury yield and the 10 year Treasury yield reached its closest level to becoming unverted in nine months. The 2s10s curve continues to steepen and is now 14 basis points away from un- inverting. The inversion took hold in July 2022.

Why mortgage bonds look cheap right now as home prices hit new record highs

Wolfe Research suggests the 2s/10s yield curve wants to breakout

Wolfe Research suggests the 2s/10s yield curve wants to breakout. The inversion between the U.S. 2 Year Treasury yield and the US10 Year yield remains inverted but looks like it "wants to breakout (steepen)" At the moment, the inversion sits at -26 basis points and is close to being un-inverted.

Notable ETF Inflow Detected - MBB

Weekly Report: what happened at MBB last week (0715-0719)?

Mortgage rates edge down from a year ago, but purchase demand remains low

Mortgage rates edge down from a year ago, but purchase demand remains low. 30-year fixed-rate mortgage fell to its lowest level since mid-March. Freddie Mac Primary Mortgage Survey: Homebuyers have yet to respond to lower rates, as purchase demand remained low.