Posted To: MBS CommentaryBefore we talk about anything remotely negative for the bond market, let’s lay out some context. The technical ceiling in 10yr yields that we’ll be examining today is 0.73%. Yields have been within 10 tiny bps of that level every single day since mid August and they were as high as .95% in early June. In other words, we’re putting relatively insignificant market movement under a microscope. The perpetually low/sideways rates of the post-covid market environment force us to go to such extremes. All that having been said, there will be a bigger move toward higher yields at some point. While that’s probably not what we’re seeing take shape here, it’s never a bad idea to consider risks on the road ahead–especially when things start deteriorating at the beginning of the…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.