Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. But is that job openings data legit today? And will job openings continue higher, pushing mortgage rates even higher in the future? I believe today’s job openings data needs some context, but it didn’t matter to bond traders as bond yields shot up after the report.
The marketplace has been extremely wild since the Federal Reserve meeting when the Fed took a very hawkish tone in their forward outlook, sending the 10-year yield higher. As I write this article today, the 10-year details ⇒
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