Posted To: MBS CommentaryBonds Are Getting Ready to Move, Probably Bonds are always moving, to some extent, but they haven’t moved outside the 0.9’s (in 10yr yields) for almost 2 weeks now. That’s likely to change by next week as traders are fairly split on whether or not the Fed will extend the maturity of its bond buying portfolio. A bond-friendly move by the Fed would likely result in a move back below 0.9 while the negative scenario almost certainly entails a break above 1.0%. Either way, there is still enough insulation between mortgage rates and the broader bond market that our focus is better placed on tracking and measuring that insulation. Incidentally, it’s starting to shrink. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Jobless Claims 853k cs 725k f’cast…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.