Ruh-Roh Raggy...the 10YR is now playing peekaboo over the downward trendline we have developed over the last few months.
The 10 Yr Treasury is still struggling with that 3.8%ish level. We are likely in a sideways pattern for a few weeks until we get some economic data that can move the markets. There was a nice Death cross of the 50 EMA over the 200 EMA so it is looking more promising!
10YR Treasury 8-14 If the 10 YR can close below that 3.801% level tomorrow the mortgage world will be back in business!!! - Cody Inman