Mortgage Rates Moving Back Up

Ready For Anything After Pre-CPI Consolidation Bonds were arguably consolidating ahead of last Friday's jobs report with the reaction representing a bit of a bullish breakout.  Since then, there's been a quick and obvious re-consolidation back in line with last week's M-Th levels. Today added to that process with most of the selling taking place by the start of the US trading session. Perhaps some of the selling has been an attempt to make room for this week's Treasury auctions, but there's no question that Wednesday morning's CPI data is the last significant piece of the puzzle that the Fed will receive before deciding "to cut or not to cut" next w