Ep. 44 | Rates Plummet & Stocks Rise on Ceasefire with Iran

President Donald Trump announced a ceasefire with Iran that would postpone any new attacks and reopen the Strait of Hormuz as they work out a long-term peace plan. Markets welcomed the news as stock futures jumped and bond yields fell. It was also a good day for rates as the latest report on consumer inflation expectations showed no change on mid and long-term inflation projections and durable goods orders fell for the fourth time in the last five months. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wilmingtonmortgage.substack.com