Why mortgage bonds are set to deteriorate, and possibly hit the whole market, according to this Wall Street expert

Harley Bassman, a Wall Street expert, warns that a flattening Treasury yield curve is threatening mortgage-backed securities, potentially leading to broader market issues. This phenomenon could cause mortgage bonds to deteriorate, impacting the stability of financial markets. The expert's insights highlight the delicate balance in financial systems and the ripple effects that can occur when key economic indicators shift. This situation underscores the importance of monitoring yield curves and their implications for both mortgage markets and the broader economy.