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Bond traders defy Fed and spark heated debate on Wall Street

(Bloomberg) — The bond market’s reaction to the Federal Reserve’s interest-rate cuts has been highly unusual. By some measures, a disconnect like this, with Treasury yields climbing as the central bank lowers rates, hasn’t been seen since the 1990s. What the divergence indicates is a matter of heated debate. Opinions are all over the place, […]

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ICE: Falling rates boost refinance retention to 3.5-year high

ICE Mortgage Technology said in its December 2025 Mortgage Monitor report that declining mortgage rates helped to push servicer refinance retention to 28% in the third quarter — a 3.5-year high — as more homeowners sought to lower their monthly payments. The report, released on Monday, tracks mortgage performance data from ICE’s most recent First

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