Here’s something that our Fed can’t do anything about, inflation-wise: coconut prices have doubled due to extreme weather events.
A glance at today's economic calendar quickly reveals that Fed speeches are the only game in town in terms of scheduled events.
There are LOs, or correspondent investors, who have spent months or years building up their renovation referral book of business.
Bonds mostly lost ground in the overnight session, and then lost just a bit more ground after the 8:30am econ data.
Mortgage rates moved back up to the higher levels seen earlier this week after the official announcement of a trade deal between the U.S. and the U.K.
Bonds ended up selling off somewhat sharply today with the bulk of the blame apparently reserved for the UK/US trade deal.
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