Posted To: MBS Commentary

The total count of confirmed coronavirus cases will continue to grow for quite some time (several months, perhaps). Markets and epidemiologists alike agree on that fact. The greater unknown is the trajectory of that case count. The sooner/faster it decelerates, the more upward pressure for interest rates. The most relevant virus-related data continues to come out of China as that's where the sample size is by far the largest. Sunday saw the biggest day-over-day jump in cases yet (2825). In percentage terms, however, this was the slowest day so far. While I'm no expert, I do wonder where the threshold is in terms of reporting capacity. Perhaps every suspected patient who has sought medical help has been accurately diagnosed, but it's easier to imagine more than a few cases going…(read more)

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Source: Mortgage News Daily