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Is This The End of The Friendly Trend?

Reported · Written up by our desk · Residential

Is This The End of The Friendly Trend? Bonds weathered their biggest day of selling since September today and their only notable day of selling since the recent downtrend in rates began in mid-October. The blame game was simple: CPI was much higher than expected and there were no silver linings in the report's internal components. Multiple Fed speakers (including Warsh 2 weeks ago) have reiterated the Fed's focus on inflation as opposed to the labor market. Even before the data, Waller said a 0.3 core CPI reading could mean a 50bp rate hike in December (and 0.3 is what we got). Fed Funds Futur

Latest closeSilver $49.17 ▼1.6%

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