CPI Killed The MBS Market & Nobody's Talking About It!

While all the headlines yesterday were talking about the massive 8.6% Consumer Price Index (CPI) report, there was a major event in the Mortgage Backed Security (MBS) market. Mortgage rates spiked 30 basis points in a single day and very briefly MBS went no-bid! In other words, the housing market just crashed and nobody realizes it yet! Just like last time, Dr Michael Burry is one of the first to spot it.

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#MBS #housingmarket #CPI #inflation