Ep. 62 | A Day of Bad Reports, But It Could Have Been Worse...

Uncertainty surrounding the British Prime Minister pushed the 30-year gilt yield to near a 30-year high, while April’s CPI report showed energy prices continuing to surge, sending consumer inflation to nearly a three-year high. Meanwhile, the Treasury’s latest 10-year auction saw weak demand, adding more pressure to bond markets, though a new household debt report suggested consumers are still managing debt responsibly. 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