Investors in mortgage-backed securities are cooling on swaps used to hedge against falling interest rates, signaling confidence that yields may have found their bottom. The 10-year swap spread has backed off from the tightest level since October 2017, reached last week. The U.S. Treasury 10-year yield had touched a 15-month low of 2.37 percent on … Continue reading Mortgage Investors Cool on Swaps as Rush for Duration Ends →
The post Mortgage Investors Cool on Swaps as Rush for Duration Ends was originally published at The Wall Street Examiner. Follow the money!