Hiring Plans fell to a negative number, the first time since the Pandemic. There is an easing of labor and material shortages, half reporting no shortages. Capital expenditures/investments on business fell to lowest level since the pandemic. Profit margins also fell third month in a row. -source NABE Jan report.

In a nut shell, rates should continue to decline. Seems counter intuitive but think of the bond market as a cozy fire in a nice warm house where you can go to feel safe. More peeps in the house, the lower the interest rate.

Have a great week and always feel free to reach out.