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Market Snapshot October 18, 2021

Good Monday AM,

A mixed bag of data today has bonds on their heels. The 10-yr back to 1.60% and mortgage bonds off. Not really a good reason for it other than maybe to point at the oil markets. Oil is up and looking to trend higher. With that, inflation expectations as well. Inflation is kryptonite for bonds. That’s as simple as I can make it. I have lots of pretty pictures to discuss further but this is where we are right now. There is really not much other data this week until Thursday and the unemployment numbers.

Please remain safe and healthy, make today great.