Supply and Demand 101 tells us that higher supply means lower prices, all other things being equal. The same is true for the bond market. Supply is fairly predictable at times, but some sectors wax and wane more than others. The corporate bond market is one such sector and it has seen supply ramp up aggressively in the past 2 weeks. Combine that wi...

 It will be a few weeks before we get the next installment of the bellwether home price indices (Case Shiller and FHFA), but today's Mortgage Monitor from Black Knight has an earlier look at June's results.Much like FHFA and Case Shiller, Black Knight's data for May had shown year-over-year appreciation that still looked reluctant to move too ...

Last week offered up decent bookends for a narrow, short-term range. A series of downbeat economic reports set the low yields last Monday. Then Fed speakers and strong data pushed back in the other direction. The breadth of the range was finally realized on Friday after the jobs report. Since then, not only would it be within the bond market's play...