Simple, Strong Correlation With Oil Leaves Yields Lower There's no sense in overcomplicating today's trading session. Oil was down significantly and so were bond yields. The correlation was very ...
With no massive escalation in Iran over the weekend, oil prices trickled only modestly higher during Asian trading hours and began to recover during European hours. Early domestic trading kept the ...
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Just a Bit More Selling to End The Week Nothing much new happened in the bond market today and that's not great because the status quo has been for rising energy prices to push bond yields higher (and ...
Mortgage application activity continued to move higher last week, though the pace slowed considerably as financial markets turned volatile and mortgage rates moved back up from their recent lows. The ...
Existing-home sales rebounded modestly in February, recovering some ground after January’s sharp pullback, while improving affordability and slowly expanding inventory helped support buyer ...
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There's a high bar for econ data to have any impact on bonds these days and that's especially true of inflation reports like this morning's PCE. Thankfully, no one needs to make a case for PCE having ...
March hasn't been a great month for mortgage rates and the past 3 days have been particularly bad. During that time, our daily rate index went from 6.09% on Tuesday to 6.41% today--the highest since ...