It just so happens to be the second Friday after two long weeks in the market.
After a (very) brief respite early this week when President Trump proposed a peace-plan to Iran, we’ve consistently seen bonds lose ground. Eventually this will end, but forecasting rates and global politics is a fool’s errand.
No one knows where this is going, but until a ceasefire is declared, a peace agreement is reached, and oil prices drop below $100/barrel (at LEAST), we are likely to see continued rate volatility.