or
Summers warns Fed against ‘financial dominance,’ urges rate hike
Lawrence “Larry” Summers, former U.S. Treasury secretary.Kiyoshi Ota/Bloomberg Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil. “It would be very unfortunate if, out of solicitude for the banking … [Read more…]
Simple, Boring, Half Point Rally in MBS
Simple, Boring, Half Point Rally in MBS There won’t be too many days with a half point MBS rally that are as boring as Friday. None of the economic data was very interesting or even exceptionally relevant. Most of the day’s motivation was set in the overnight session by a big move lower in European bank stocks and a sympathetic rally in sovereign debt. Treasuries were, in turn, sympathetic to EU bonds and MBS expressed some sympathy for Treasuries. Econ Data / Events Industrial Production 0.0 vs 0.2 f’cast last month revised to 0.3 from 0.0 Market Movement Recap 09:37 AM Flight to safety led by EU bank stocks in late overnight trading. 10yr down almost 12 bps at 3.46. MBS up roughly 3/8ths of a point. 12:46 PM Best levels of the day at noon and losing some ground since then. MBS still up 3/8ths, but down 6 ticks from highs (.19). 10yr down 17bps on the day at 3.408. 04:38 PM Slight give-back in Treasuries, but not enough to ruin anyone’s day. 10yr down 14bps at 3.44. MBS up half a point.
Today’s Mortgage Rates for Feb. 28, 2023: Rates Climb – CNET
Today’s Mortgage Rates for Feb. 28, 2023: Rates Climb CNET
The Best Car Insurance in California for 2023
Check out NerdWalletâs guide to getting the best car insurance in California, ranked by factors like coverage and discounts offered and customer satisfaction.
Widespread Chemical May Increase Parkinson’s Disease Risk
Scientists link a chemical used in dry cleaning and coffee decaffeination to the world’s fastest-growing brain condition.
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses – CNBC
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses CNBC
Ramadan home decor tips â earthy and minimalism lead trends this … – The National
Ramadan home decor tips â earthy and minimalism lead trends this … The National
Does it make sense to hold an Amex Platinum and Amex Gold card? – The Points Guy – The Points Guy
Guide to Speculative Investments
A speculative investment is when an investor hopes to profit from a rapid change in the value of an asset, often one thatâs considered non-productive. Many speculative investments are short-term, and they can be made in markets such as foreign currencies, collectives, fine art, and margin trading of stocks. Typically, speculative investments are high-risk positions […]
The post Guide to Speculative Investments appeared first on SoFi.