DPA, Revenue, Jumbo Products and Tools; Upcoming Events and Webinars; More on the Fed
Both basketball player Bill Russell and Nichelle Nichols, Lt. Uhura on Star Trek,” passing away!? Meanwhile, today I head to Chicago, the #1 city for naked bike riding . (No, I’m not bringing my bike.) On a more serious topic, this week we receive the “employment situation report,” and per the Census Bureau, 16 million working-age Americans have “long COVID” impacting their ability to work. How does that skew the numbers? Housing and jobs continued to drive the U.S. economy, and I continue to receive questions about hybrid ARMs. While you might assume ARM volumes would be growing rapidly with higher rates, the inverted yield curve and lack of price discovery for anything approaching a reasonable premium has kept issuance low. Fannie’s trading desk reports that, “While we have seen
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