Rates rocketed lower with stunning consistency starting in late February. They finally bounced last week, but rather than move back up to previous levels, they held in a relatively narrow, sideways range. That set the stage for a showdown this week.
Source: Kevin Litwicki MBSLIVE
Interest Rates Had a Boring Week, And That's a Good Thing

There’s a lot for financial markets to digest at the moment. Over the past few weeks, the net effect of that digestion has been good for bonds/rates and bad for stocks. But the prevailing correlation broke down this week and few people in the U.S. truly understand why.
Source: Kevin Litwicki MBSLIVE
The Secret Reason That Rates Bounced This Week