
We got no food… we got no jobs… our pets heads are falling off!
So, 2020 is off to a good start, right? I mean there isn’t too much going on… the 10-year bond fell under 0.400% and subsequently split from its normal trend of following the MBS market, we saw the largest single day drop in the Dow’s history, then the largest single day rally, then Non-QM lenders “paused” their lending activities (c’mon nobody “pauses”) after their securities dried up, Jumbo Lending, HA! Forget about it… for now at least, margin calls are depleting independe