Mortgage Rates and Inflation

Inflation and Mortgage Rates are intersecting.
Now we know what that bond chart I posted was telling us.
I expect “The Fed” to raise 3x max (and maybe just 2x)…first by 1/2 pt (and the bond market has already discounted that increase).
Keep in mind that Fed Funds are at 0.25%…and “The Fed’s focus” is protecting it’s member banks (and the overnight REPO market)
Yield spread is narrowing (0.5 today…2’s vs 10s)…that’s a metric they watch. This current bond selloff should bottom out soon.