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10 months agoThe Fed is not done with rate hikes, even as the housing industry begs for mercy
Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report, Mohtashami said.Once the bond auctions are done with, the economic data should be impacting the 10-yield Treasury yields, he added.