Friday morning's "gap down" open is a negative sign. Key resistance levels in the 10-year Note yield are still holding at the moment. Inflation will be sharply higher over the next three months due to the year-over-year baseline effect. However, Bodnar says he doesn't see inflation being a big problem longer-term.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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