Mortgage rates recover losses from jobs data on news of another ceasefire 📉☮️🎢
Flash Market Update
Not much else to it, mortgage bonds had a snowball rally on news of yet another ceasefire and forthcoming peace deal.
Today’s single day move erases most of the losses that followed last Friday’s NFP employment data.
Oil closed under $90 again and is down 10% on the month.
To all my fellow rate watchers I ask … are you not entertained!?
Thanks for reading…
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