Black Gold inventories help Mortgage Bonds +19bp
May 7, 2008 by Chris Grau · Leave a Comment
Filed under: Economic Indicators, Mortgage Rates Predictions
Filed under: Economic Indicators, Mortgage Rates Predictions
Crude Inventories | Reported 5,654,000 | Prior 3,848,000 | MODEST
Crude Inventories reported much higher than expected resulting in some of the commodities money being invested in Mortgage Backed Securities. Maybe we won’t continue to see $120.00+ oil prices… maybe that’s just wishful thinking.