Bonds Bolstered by Big Swings in Inflation Data and Expectations US bonds found several sources of inspiration overnight in the form of European inflation data.  The biggest move followed a sharp decline in... (continue reading)

Mortgage rates are driven by the bond market and bonds have been under tremendous pressure due to inflation.  As such, when a major inflation report comes out hotter than expected, bonds suffer and rates rise.  When other reports show inflation moderating, bonds recover and rates fall. Today's relevant inflation data came from Europe, but Eur... (continue reading)