Fire (ouch): The way news walks and talks really sets Bonds off to a four-alarm.
The FT and the WSJ declare the Bond market a FOUR-alarm fire, but if equities reverse, it will be a five-alarm. With all this heat from raging bears, why does the 10-yr remain below 4.80? What drives Bond implied volatility below 10?
When headlines hype fear, but the details reveal global economic malaise, what is a mortgage banker to do? Focus on the mundane.
Do we know bonds' desire?
These views are mine. Discover what drives rates at TMSpotlight.
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Song: Fire (1974) The Ohio Players Used in Cruella
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