“The 10-year Treasury … has been trading in a narrow range for the last 30 days and has had a bumpy ride down for the last 90 days from around 1.6 percent,” said Mitch Ohlbaum, mortgage banker at Macoy Capital Partners. “All of the anticipation is coming from the [Jackson Hole Economic Symposium] later this week about the tapering of the [Federal Reserve] bond-buying program, and my bet is that [Fed] Chairman [Jerome H.] Powell will take a wait-and-see approach. There really is no other way to play this without more data about the U.S. and global economies.”

Source: Washington Post August 26, 2021 14:40 UTC