Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

MBS Day Ahead: Markets Waiting For FOMC Today or Yellen Friday or Neither?

By Matthew Graham

Posted To: MBS Commentary

Much has been made of today’s FOMC Minutes as some sort of defining moment in the potential long-term shift toward higher rates. Some say it’s a red herring, and instead point to Yellen’s speech on Friday. While both of these events are potentially informative, they’re not the moments that will define a generational shift from bull to bear market in bonds. That said, it’s understandably and extremely tempting to view them as such. The thing that makes it so tempting is the fact that today’s Minutes are from the April meeting and the April meeting was the last one that had zero potential to result in a rate hike. (By the way, that’s ‘zero’ according to the Fed itself–not me.) That also means that April’s Minutes might be the first place where markets…(read more)

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Via:: MBS Day Ahead: Markets Waiting For FOMC Today or Yellen Friday or Neither?

      

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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