Mortgage Bonds have pushed back over the past 24 hours. Pummeled for days on global inflation concerns, they bounced back in a rally that begin yesterday afternoon.

Trading has slowed down since this morning and this will be the case for most Fridays through the summer. Bonds have recovered and are now testing the [...]

Bonds are under heavy pressure from inflation and energy cost issues. Bonds are currently fighting with their 200-day Moving Average. Based on how bonds respond to this floor of support, we should see change in mortgage rates. Rare is it that bonds will sit steady after [...]

Inflation concerns have surged today on a whopping drop in oil reserves and another new high in oil prices. Both stocks and bonds have taken a bit of a beating. Further, yesterday’s update mentioned that the FOMC minutes could move the markets and they have. The Fed is also highly wary of these inflationary pressures. [...]

The Producer Price Index (PPI) came in at double expectations. The Core PPI, which does not include the volatile food and energy components, also came in hotter than expected. Core prices are up 3% in the past year and this is the biggest rise since 1991.

Here’s what’s interesting: These costs are not always [...]