La Jolla | This week The Institutional Risk Analyst is in La Jolla for The Chairman's Conference of The California Mortgage Bankers Association. Click here to download our keynote presentation.
Last Friday we got to talk banks with Brian Sullivan on CNBC. We noted that investors need to forget everything they were told in 2018 about rising interest rates. Many investors got killed last year positioning for rate increases in 2019.
Hint: When your prime desk coverage is selling the short bond/long rate trade, look the other way before crossing the street. The folks on the Federal Open Market Committee may be clueless on rates, but your friends on the Sell Side are most definitely not.