This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.
As Trump's Greenland aspirations continue unabated, measurable fallout is increasing. Part of the strategy is increased tariffs. EU is also planning/threatening retaliatory tariffs as well as suspending talks on the US/EU trade deal. The latest measurable manifestation of this morning's fallout is the announcement that a Danish pension fund is liquidating its Treasury holdings. While the dollar amount isn't huge, it speaks to the risk that other EU countries could follow suit. Granted, this could create problems for those EU funds, but rationality doesn't always prevail amid geopolitical brinksmanship. In addition to all of the above, debt drama in Japan is playing a supporting role, causing a massive surge in Japanese yields overnight and a bit of sympathy selling in US Treasuries.
Sharply weaker overnight as bonds brace for fallout with Europe over Greenland push. 10yr up 6.1bps at 4.285. MBS down nearly 3/8ths of a point.
10:43 AM
Bouncing back a bit. MBS down 5 ticks (.16) and 10yr up 4.7bps at 4.27
A message from Matthew M. Loan:
This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.
As Trump's Greenland aspirations continue unabated, measurable fallout is increasing. Part of the strategy is increased tariffs. EU is also planning/threatening retaliatory tariffs as well as suspending talks on the US/EU trade deal. The latest measurable manifestation of this morning's fallout is the announcement that a Danish pension fund is liquidating its Treasury holdings. While the dollar amount isn't huge, it speaks to the risk that other EU countries could follow suit. Granted, this could create problems for those EU funds, but rationality doesn't always prevail amid geopolitical brinksmanship. In addition to all of the above, debt drama in Japan is playing a supporting role, causing a massive surge in Japanese yields overnight and a bit of sympathy selling in US Treasuries.