Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief momen...
Nearly an hour after this morning's surprisingly strong jobs report, 10yr yields are only 4.4bps higher at 4.19%. On a normal day, 4.4bps might be a f...
With the announcement that Trump nominated Kevin Warsh to be the new Fed Chair, there's a lot of misinformation and speculation making the rounds rega...
One could argue that our bar is set too low if we view today's bond market resilience as "stunning," but if that's not the right word, it's damn close...