After a few days where it’s been somewhat challenging to sort through the most relevant market movement considerations (war vs Fed speakers vs technicals), we finally have a logical, obvious correlation between a known market mover and the resulting market movement.  While the edification of “data dependency” is nice to see, the direction of the movement isn’t as nice.  In today’s case, a moderately hotter CPI reading brings an end to two days of rally momentum and is currently pushing yields higher.

Published On: October 12, 2023 / Categories: Mortgage News /