Sep. 11 at 7:42 PM
$PATH the main attraction now is next week’s FOMC Meeting. Market now predicts an 85% chance of a 25 bp rate increase, this will drive long end yields down, thus , re-valuation of PATH’s future earnings, should be rocket fuel for this name. Also good if you plan to buy a house anytime soon, as mortgage rates tend to track the 10 year yield. But no one knows how the Fed responds, thus explaining the low volume as everyone is waiting to see how it plays out.