Bonds and Bullion are soaring after the ugly JOLTS and weak manufacturing data this morning. Spot Gold soared back above $2020. The precious metal has only ever been higher than this on seven days in history…
Newsfeed: Gold & Bonds Soar After Weak Jobs, Manufacturing Data; Rate-Cut Odds Soar Read More »
The Fed/FDIC/TSY bailout (BTFP!?) has prompted a massive repricing of the market’s expectations for The Fed’s rate-trajectory from here. The terminal has plunged and pulled forward…
More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red.
Newsfeed: After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023 Read More »
Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.
The average interest rate on the most popular U.S. home loan climbed to its highest level since October 2008, Mortgage Bankers Association (MBA) data showed on Wednesday.
Newsfeed: U.S. mortgage interest rates reach 6.25%, highest level since October 2008 Read More »
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Mortgage demand falls even further, as rates shoot back up to July highs Read More »
The gathering consensus that inflation has peaked is spurring a FOMO moment for bonds, with investors eager to buy and chatter that 10-year Treasury yields could drop all the way back to 2%. That sort of Treasuries rally is unlikely unless China’s slowdown worsens.
Newsfeed: Forget The Fed, China Is Why US Yields Can Hit 2% Read More »
Treasury yields rose on Monday as data on orders for durable goods and pending home sales surprised to the upside, but the sale of two- and five-year notes was weak as the market gauges the economy and Federal Reserve …
Newsfeed: TREASURIES-U.S. yields rise after poor Treasury auction Read More »
It’s too soon to call an end to America’s worst bond-market collapse in at least half a century. Treasuries resumed losses on Thursday with 30-year yields climbing to the highest in nearly eight years, spurring steeper yield curves — a sign of investors bracing for further inflation flare-ups.
Newsfeed: Bond Market Losses Just Beginning as Fed Sets Path to 4% Yields Read More »
The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15% from last year, Mortgage Bankers Association (MBA) data showed on Wednesday.
Newsfeed: U.S. mortgage interest rates jump to highest level since 2008 Read More »