The Outlook Remains Uncertain
- Markets are reacting and overreacting to social posts and headlines meaning the Outlook Remains Uncertain.
- The Longer Term Consensus is building that the economy will Fall Into a Recession however this is only being driven by speculation.
- Lower Rates will occur later this year should a Recession occur and in the meantime volatility in rates will continue.
- The 10yr Treasury Bonds (aka US Debt) are NO LONGER considered a Safe Haven and as a result investors are demanding higher premiums.
- With less appeal to purchase Mortgage Backed Securities, Mortgage Rates DO NOT have much room to move lower until something changes.
