The last 3 trading sessions were 3 out of the 5 lowest closes for 10 year yields in 2017. The potential bounce that took shape after last week's Fed announcement was pushed back by Friday's strength.
We witnessed the year's best levels on Wednesday morning, so there is a case to be made for not setting the bar too high when it comes to what a bond rally must look like. We have yet to see a "confirmed" close the "gap". Friday was the closest we have been to that confirmation.
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• 30 year (FRM) rates at 4.01% (+0.01%).
• 15 year (FRM) rates at 3.27% (+0.01%).
• FHA 30 year Fixed rates at 3.75% (+0.05%).
• Jumbo 30 year Fixed rates at 4.29% (+0.01%).
• 5/1 ARM rates at 3.08% (+0.00%).
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