Mortgage and asset-backed securities Federal agency securities and Foreign government bonds. The bond market trades like the 'over the counter market' where sophisticated data banks allow traders to buy and sell securities from investors and institutions. Any one buying a house,auto, or boat will benefit by following the bond market since interest rates are tied to the movement of bond yields. This correlation between the bond and mortgage markets and your interest rate is very important to understand. News that affects interest rates, change the bond market expectations, and vice a versa.
Interest rates mimic bond yield curves, lower the yields, lower the rates.
Please note only the 'prime rates' closely mirror the bond markets,if you have credit problems and other issues,these changes are insignificant to your loan.