For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
Some Signs of Resilience But It's Still Anyone's Game
Tue, Sep 15 2026, 4:32 PM
MBS Recap
Some Signs of Resilience But It's Still Anyone's Game
MBS Recap Matthew Graham | 4:31 PM
Some Signs of Resilience But It's Still Anyone's Game
After several consecutive business days of abject unpleasantness in the bond/mortgage market, Tuesday finally offered a modest consolation. During domestic trading hours, every attempt to push 10yr yields over 5% was met with a supportive bounce--presumably from value buyers targeting 5% as a good entry point to own 10yr notes for investment purposes. We wouldn't read too much into this just yet. It is a defensible conclusion today (especially in light of oil prices surging over to over $106), but Wednesday's Fed reaction could completely change the landscape. We'll discuss "what if" scenarios in today's recap video.
9/15/26 - High risk / high reward ahead of Fed day. There were certainly some signs of technical support in the bond market today, but things can go either way in a big way tomorrow afternoon. We would still prefer to see a clearly-defined reversal and momentum toward lower rates before reconsidering a defensive stance by default.
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Rates vary based upon market conditions and borrower qualification.
