With all the chaos in the mortgage market sometimes I forget to update people about how bonds are doing. You can’t talk about bonds without saying something about inflation. Here is a market update from CNN, seems like they are worried about inflation today after the PPI spike:
Bond prices slide on producer price jump – Mar. 15, 2007: “NEW YORK (CNNMoney.com) — Treasury prices declined Thursday after the Producer Price Index spiked much more than expected, making bond investors worried about inflation.”