Posted To: MBS Commentary
Jobs reports generally don't move markets any more But they do when they're this far from the forecast NFP came in at 38k vs 164k This adds to confirmation that Fed cannot hike in June Rates adjust accordingly Let's recap the last several weeks/months/(years?) in bond markets. The focus is on the Fed's accommodation path. Will they/won't they taper? When will that happen? How fast will it proceed? When will they start talking about hiking rates? When will they hike? When will they hike again? There are many other tangential questions that can spawn from the above, but the core concept is simple: when is the cost of money going to change and by how much? in mid-May the Fed gave markets a small wake-up call by sounding the alarm over June rate hike potential. Markets got the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1sTFWBR
No comments:
Post a Comment