Stocks and Mortgage Backed Securities are moving in lock step
My point here is that the market is a cougar and we are her cubs. Don’t get eaten. If you want to follow the trade, watch stocks as bonds are trading in an inverse relationship.
My point here is that the market is a cougar and we are her cubs. Don’t get eaten. If you want to follow the trade, watch stocks as bonds are trading in an inverse relationship.
What will the effect on mortgage rates be? Given that the market has build in a positive jobs bias, anything that is 0 to 50K in jobs growth will not create a strong selloff. The bias will be for worsening pricing but not substantially so. This is because the market has already sold off in anticipation.