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…
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.
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.
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 …
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.
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.
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