Why Bonds Sold Off So Hard Today

• Bond markets took a sharp hit today, with prices falling and yields climbing across the board.
• Mortgage News Daily examines the forces behind the sudden sell-off, which ripples directly into borrowing costs for homebuyers and refinancers.
• Rising yields tend to push mortgage rates higher, making home loans more expensive for households already stretched thin.
• Investors are reacting to shifting expectations about economic data and interest rate policy.

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