A selloff for the ages in the bond market has yields flirting with crisis levels. Bond investors aren’t all convinced that’s enough for what comes next.
“The Fed will have no choice but to reliquefy the system,” an event that is likely to happen by the end of the World Series, Minerd writes on Thursday.
The U.K housing market is starting to cool down after house prices fell in September from a record high in August, as rising interest rates put “significant downward pressure” on mortgage rates, lender Halifax said on Friday.