Home›Bonds & Rates›Economy›Longer-dated yields rise despite stable 2-year rates

Longer-dated yields rise despite stable 2-year rates

Mortgage News Daily reports 2-year yields were unchanged, while longer-dated yields moved higher by several basis points even as oil fell and economic data met expectations.

Reported · Written up by our desk · Economy

Bond markets opened the new week with selling that appeared disconnected from the usual catalysts, according to Mortgage News Daily.

The outlet said 2-year yields were unchanged, but longer-dated yields rose by several basis points compared with Friday afternoon.

Mortgage News Daily pointed to the lack of a clear explanation, noting the move came despite lower oil prices and economic data that were in line with expectations.

It added that without a stronger reason, analysts were left effectively building explanations around a yield move that did not follow the typical pattern.

More like this

Sources