Mortgage rates jump today by 60 bps. Wow.

[BigBalls]

After the failure in China. Thanks Trump. Bonds are cratering this morning.

EDIT: wrong board. My bad but maybe you tards can learn something. Consider it a public service announcement.

Here is my market commentary this morning for the mortgage newsletter I guest write for:

“ Bond prices are weaker in early trading as Treasury yields continue to rise. The U.S. 10-year yield climbed above the key 4.5% threshold, reaching 4.558% after opening near 4.516%. Investor concerns remain elevated following stronger-than- expected CPI and PPI inflation data this week. Warsh was narrowly confirmed as Fed chair and takes office amid mixed economic conditions and inflation that remains above the Fed’s target. Next week’s economic calendar is relatively light but includes key housing reports such as Pending Home Sales, Housing Starts, and Building Permits, along with the release of May Fed meeting minutes on Wednesday “

• This topic was modified 1 week, 5 days ago by BigBalls.
• This topic was modified 1 week, 5 days ago by BigBalls.

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