Posted To: MBS CommentaryTired of hearing about Turkey yet? This is what happens when fairly quiet markets are interrupted by a thunderous roar from an unexpected place. Newscasters, analysts, and armchair economists you’ll talk to over the weekend are all happy to finally have SOMETHING to discuss other than Elon Musk, Apple being a trillion dollar company, or whether or not Keke loves them. Long story short, there’s nothing too meaningful going on in the world of interest rates this week, and the Turkey thing would be worth discussing even during busier times of year. As such, it’s going to feel like the only thing anyone is talking about for a while yet. Unfortunately, it’s pretty simple: it takes a LOT of drama out of Turkey to generate a merely moderate response in US bond markets. Moreover, when…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631