
Losses Erased After Another Peace Teaser
The following newswire hit about an hour before the open:ย TRUMP: US IN THE MIDDLE OF FINAL NEGOTIATIONS TO END IRAN WAR.ย Bond yields and oil prices had already fallen modestly up to that point, but more than doubled the overnight rally after that. Yields are thus starting the day roughly 4bps lower
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Minimal Change After Overnight Volatility
Minimal Change After Overnight Volatility War headlines struck back in the overnight session. Specifically, Iran struck back against various U.S. and allied sites, allegedly in response to U.S. strikes on Iranian sites. Peace prospects take an obvious hit in response to these escalations and financi
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Mortgage Rates Move Back Up With Oil Prices
Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner as
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Secondary Execution, Broker Contest, Commercial Products; Webinars; Bill Pulte's Job Move?
The latest and greatest with FHFA Director Bill Pulte (happy 38th birthday last week!) is that President Trump tapped him (more below), to be the acting director of national intelligence. At this point he is still running Freddie Mac and Fannie Mae. The President cited Pulteโs work at the FHFA and h
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