June 21st, 2019 3:20 PM by Gene Tidgewell
The Fed met this week and kept the Fed Funds Rate the same but announced they expect to lower rates later this year. This news was expected.
The global slowdown is continuing and the ECB announced they would consider more easing later in the year unless the slowdown changed directions.
Today we have a video for you from the commencement speech by All Pro Defensive Lineman J.J. Watt at the University of Wisconsin Madison this year. Some good listening.
10 YEAR BOND YIELD AND RATES
The yield on the 10 year bond is at 2.06% at noon today. That is down 02 bps from the last blog. The yield on the 3.00 % mortgage backed security is at 100.61 down 0.06 bps since the last blog. Rates are at good levels now and were actually down right after the Fed announcement but moved back up since then.
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