‘Downtown Architecture,’ by Visual Gratification
Last Week: Rates moved down slightly
In a week packed with economic data releases (most of which were bond market friendly) the mortgage market managed to eek out some gains, with most mortgages improving in rate by about 1/8th of a discount point.
This Week
No major data releases on the calendar. We expect commodities (oil prices) and currency markets to be the "market movers" this week as bond traders scour the markets for signs of inflation.
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Yield spread, wooohoooooooooo!!! Gimme da juice!