Bond prices (AGG; tiptop chart) bring moved to their lowest levels (i.e., highest yields) since October, 2007 inwards the wake of Fed concerns over inflation too possible involvement charge per unit of measurement tightening.
Meanwhile, the homebuilders index ($HGX; bottom chart) is testing its demeanor marketplace lay lows, having sustained none of the gains from before Fed easing. As mortgage rates follow bond yields, ascension to multi-month highs too the USA dollar remains mired inwards its long slide, it's non clear that housing volition discovery back upwards from monetary easing whatever fourth dimension soon.
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