Re-price for the WORSE!!:
Mortgage bonds selloff another POINT today as the general bond market selloff continues. The 10-year Treasury yield has pushed above the 3.625% mark. YIKES!! The bond market is the “canary in the proverbial inflationary coal mine” and is chirping its head off. The little birdie is telling us that the Federal Reserve QE2 scheme has NOTHING to do with jobs, price stability and a little “good inflation and helping the economy and everything to do with DEBT MONITIZATION! Hold on to your hats people.
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