Mortgage-backed securities went ‘no-bid´ on Friday after latest surging inflation report

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As the Fed continues to raise interest rates, the mortgage market continues to run into problems.

And after Friday’s latest disastrous inflation report, Zero Hedge is reporting that the mortgage-backed securities market went ‘no-bid,’ similar to what we witnessed in 2008 when the whole sector was melting down.

To find out more about what happened, click to watch this brief update now!