1bp/hr … so by Weds we’ll have blown right the f*** through the floor
https://twitter.com/NUMISMATICS9/status/1234302129931554816 Effective interest rate on $15.841 trillion worth of mortgage debt is 3.87%, coming refi wave akin to a $50+ billion monthly helicopter drop, financial conditions about as loose as they get. But yeah, Fed, follow the market's advice and cut the funds rate 100 bps by June. pic.twitter.com/9Q7qzvWo4g — Jack Rodeghier (@glarustrading) March 2, … Read more