The bid to cover of 2.32. was below the one year average of 2.52. Direct and indirect bidders took 82.2% of the auction compared to 84.8% in the previous 12.......definitely ended pretty weak
@unknown-user you may be thinking of the FED funds rate which was at 0 for a long time but that is not associated with mortgage rates. That was a once-in-a-lifetime event that happened to bring them to where they were in the low 3s. With current rates in the low sixes to high fives we are low rates based on traditional history.
@@themarketupdatedesk This economy is fake, it runs on the money printer. We haven’t had organic growth since 1994. They will go back to super QE mode once unemployment hits 7%. Mortgage rates back to 2% after mass layoffs and mass foreclosures. Another $35 trillion will be added to the national debt to close out this decade. No need to explain to me what a mortgage rate is or what a Fed’s fund rate is. I know how this stuff works. Have a good day.
Its amazing how much people buy now pay later
Scott, I was going to congratulate you on a present call for the 10 year auction. But beware, it tailed by three basis points.
just when i think i can predict lol I do see the indirect bidder tendered vs accepted was good but direct bidder tendered to accepted was not as good
The bid to cover of 2.32. was below the one year average of 2.52. Direct and indirect bidders took 82.2% of the auction compared to 84.8% in the previous 12.......definitely ended pretty weak
@@themarketupdatedesk Let us know if u see more activity - good wishes.
Why would anyone wanna refinance now knowing rates are going back to zero next year when economic depression hits?
@unknown-user you may be thinking of the FED funds rate which was at 0 for a long time but that is not associated with mortgage rates. That was a once-in-a-lifetime event that happened to bring them to where they were in the low 3s. With current rates in the low sixes to high fives we are low rates based on traditional history.
@@themarketupdatedesk This economy is fake, it runs on the money printer. We haven’t had organic growth since 1994. They will go back to super QE mode once unemployment hits 7%. Mortgage rates back to 2% after mass layoffs and mass foreclosures. Another $35 trillion will be added to the national debt to close out this decade. No need to explain to me what a mortgage rate is or what a Fed’s fund rate is. I know how this stuff works. Have a good day.
The carry trade is very interesting as it effects the bond market