Ep. 65 | Bond Vigilantes Move Markets

It's been a rough two days for the bond market, with yields up 16 points in the last two trading days as bond investors are worried that the new Fed Chair Kevin Warsh's dovish approach to monetary policy could cause inflation to spike. In other news: Homebuilder confidence rose more than expected in May, and homebuilders face an increase in lawsuits, which can raise the cost of home building. 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