All about the Banks, Peak Yields?, and “Textbook Bottom” Buys 10/17/22
The Exchange
00:00
Bond King, Don't Forget to Take Out the Trash
Worsen: Bonds have had a terrible year this year, but keep in mind that we had unusual outsides. Worsen: What's going to be driving the mortgage prices really isn't the credit risk. The credit is Freddie Mac and Fannie Mae, the indirect obligations of the government. And what's happening to mortgages is the market is primarily 85% of the mortgage index are 30 year mortgages.
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