The $8 trillion mortgage-bond market plunged to levels rarely seen since the global financial crisis as Treasury yields surged. To analyze why and what’s next, we’re joined by Christopher Maloney, mortgage strategist at BOK Financial Capital Markets, and Bloomberg News reporter Scott Carpenter. Homebuyers face the threat of even larger debt payments, while credit investors may find an opportunity to buy cheap bonds. Also in this episode of the Credit Edge, Bloomberg News senior editor James Crombie asks Bloomberg Intelligence senior credit analyst Arnold Kakuda about the outlook for financial institutions following this year’s banking crisis. Wall Street faces more regulatory pressure just as private lenders get more aggressive, Kakuda says. 
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