Market Snapshot 3.2.23- Selloff Continues
Good Thursday AM, Feeling sick this am as the selloff continues. The ten-year has now skyrocketed to 4.08 and at this point, will likely test 4.11. Mortgage bonds are also…
Market Snapshot 3.1.23- US Data Was Weaker
Good Wednesday AM, US Data was weaker today but it didn’t matter. Higher inflation and growth in both China and the EU has done damage, bonds have capitulated, finally caved…
Market Snapshot 2.28.23- Consumer Confidence Off
Good Tuesday AM, A few second-tier data sets out today. All came in weak. Consumer confidence off by more than 5% from expectations. Chicago Purchasing Manager’s Index, off, Richmond Fed…
Market Snapshot 2.27.23- Bonds Are Slightly Improved
Good Monday AM, Bonds are slightly improved from Friday. The Mortgage Bonds are stuck right at resistance. If it can break above, we could see a mini rally. The ten-year…
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