Tantrums and Tapers, TBA’s and Mortgage Rates

By |2019-01-22T16:10:48-05:00January 22nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

To be an interested observer of things in the summer of 2013 was to be awash in the awareness of so many contradictions packed into one little piece of history. Forward guidance, for one, recognized the effects of markets. If QE was really effective, interest rates would rise not fall in anticipation of those positive [...]