Bill Bodnar of The Mortgage Market Guide (MMG) discussed how volatility continues in the bond market.
Friday morning’s “gap down” open is a negative sign. Key resistance levels in the 10-year Note yield are still holding at the moment.
Inflation will be sharply higher over the next three months due to the year-over-year baseline effect. However, Bodnar says he doesn’t see inflation being a big problem longer-term.
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Source: themortgageleader.com