MBS Week Ahead: How Low Can Rates Eventually Go?

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The bond market begins yet another week with rates in a holding pattern at historic lows.  With coronavirus being the primary motivation for rates, it wouldn’t be a surprise to see indecision continue until we get a clearer idea of how things will shake out with respect to the pandemic vs the global economy.  In fact, apart from the all-time low mortgage rates, things have been downright boring when it comes to the underlying bond market driving those rates. 

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