Since March 1st, the Iran war has been the primary reason for movement and volatility in the bond market. Pre-war motivations were woefully muted. That changed a bit with the jobs report two weeks ago and it changed again with this week’s Fed announcement. Thankfully, the damage was quickly reversed.
Source: Kevin Litwicki MBSLIVE
Fed Steals Spotlight From Iran War
Everyone Wins This Week's Round of Deal or No Deal
Since late March, markets have had repeated opportunities to play deal or no deal when it comes to ending the Iran war. Sometimes we won. Sometimes we lost. This week’s installment was touch and go, but ultimately a winner.
Source: Kevin Litwicki MBSLIVE
Everyone Wins This Week's Round of Deal or No Deal
Rates Finally Look Past War Headlines. Unfortunately, They Looked Up
While they’re not yet back to the recent long term highs seen on May 19th, rates surged to 2-week highs on Friday after an exceptionally strong jobs report.
Source: Kevin Litwicki MBSLIVE
Rates Finally Look Past War Headlines. Unfortunately, They Looked Up