30-Year Treasury Yield Jumps to 4.96% despite “Solid” Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide by Wolf Richter • Jul 12, 2025 • 141 Comments The bond market’s reaction to the inflationary environment, to fears of a lax Fed, and to a Mississippi River of new debt.
Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike by Wolf Richter • Jul 11, 2025 • 79 Comments The situation in Texas and its four big metros, Houston, Dallas-Fort Worth, Austin, and San Antonio.
Homes for Sale in Florida’s Biggest Markets Rise to Highest in Many Years and Languish as Demand Fizzled by Wolf Richter • Jul 10, 2025 • 98 Comments He who panicked first panicked best.
ECB Balance Sheet: QT Assets Drop by €64 Billion in June, by €3.18 Trillion from Peak, to €3.98 Trillion, Lowest since June 2020 by Wolf Richter • Jul 10, 2025 • 25 Comments It also wrote down its €1 trillion in gold by €30 billion due to its price decline in euros in Q2.
The (Declining) Status of the US Dollar as Global Reserve Currency: Central Banks Diversify into other Currencies & Gold by Wolf Richter • Jul 9, 2025 • 103 Comments There was an extra-special spectacle in Q1 among the Swiss franc, Australian dollar, British pound, and Japanese yen.
Inventories of Homes for Sale in Big California Markets Jump to Highest in Years, Days on the Market Soar, Demand Withered by Wolf Richter • Jul 8, 2025 • 108 Comments Listings YoY: Orange County +66%, San Diego +55%, Fresno +48%, Sacramento +47%, Los Angeles +45%, Riverside-San Bernadino +43%, San Jose & Silicon Valley +39%; San Francisco metro +30%.
Used Car & Truck Wholesale Prices Been Rising for a Year, in Part Driven by Surging Prices of Used EVs by Wolf Richter • Jul 8, 2025 • 35 Comments Amid tight supply and solid demand.
Bank of Japan Balance Sheet QT: -¥12 Trillion in Q2, -¥39 Trillion from Peak, to ¥717 Trillion. Sold Nearly All its Bank Stocks by Wolf Richter • Jul 7, 2025 • 28 Comments Quantitative Tightening accelerated further. With its bank stocks gone, the BOJ may start selling its equity ETFs soon.
The Housing Markets of Europe: From Most Splendid Housing Bubbles to Go-Nowhere Markets by Wolf Richter • Jul 6, 2025 • 83 Comments Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal
Fed Balance Sheet QT: -$13 Billion in June, -$2.31 Trillion from Peak, to $6.66 Trillion. New Milestone: 3 Years of QT by Wolf Richter • Jul 3, 2025 • 95 Comments The new and improved Standing Repo Facility (SRF) sprang into action for one day at quarter-end on June 30.
