Talk Markets to me Goose and an Interview with Mike Wilson of Morgan Stanley
RiskReversal Pod
00:00
Wall Street Is Not Always Shocked
The anticipation of them not being there made them widen a little bit and credit got a little bit worse. But I'm not shocked to see that news considering what we've seen with mortgage rates go. The only way to potentially unwind, I think a lot of that on their balance sheet is to actually outright sell them. So I think that may have led to some of these mortgage rates moving higher.
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Transcript
