Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. by Wolf Richter • Nov 1, 2023 • 59 Comments The Spiking 10-Year Treasury Yields Apparently Rattled the Government’s Nerves.
Another “Hawkish Hold” with Tightening Bias: Fed Keeps Rates at 5.50% Top of Range, Rate Hike Still on the Table. QT Continues by Wolf Richter • Nov 1, 2023 • 109 Comments Higher for how much longer? “The extent of additional policy firming that may be appropriate….”
The Most Splendid Housing Bubbles in America, October Update: 10 of the 20 Metros Down from their Peaks Last Year, 6 Metros Set New Highs by Wolf Richter • Oct 31, 2023 • 207 Comments From 2022 peaks: San Francisco -11%, Seattle -10%, Las Vegas -6%, Phoenix -6%, Portland -5%, then Denver, Dallas, San Diego, Los Angeles, Tampa.
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024 by Wolf Richter • Oct 30, 2023 • 159 Comments Including $1.56 trillion in Q4 2023 & Q1 2024. Government has gone nuts.
How High Could Long-Term Treasury Yields & Mortgage Rates Go? Why’s there No “Housing Crash?” Consumers Finally Ready to Cut Spending? Tesla Mucks Up GM’s & Ford’s EV Strategy by Wolf Richter • Oct 30, 2023 • 125 Comments Wolf Richter in an interview about these and other hot-button topics.
Fed’s QE Giveth, Fed’s QT Taketh Away: Russell 2000 Hits 3-Year Low, Nasdaq Back to Dec 2020, S&P 500 Back to Apr 2021 by Wolf Richter • Oct 28, 2023 • 241 Comments Since QT started, stocks have been on their own, after having been babied by the Fed since 2008. And it’s not working out.
Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services by Wolf Richter • Oct 27, 2023 • 218 Comments Hitting all his hot buttons today with the month-to-month PCE price index.
Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair by Wolf Richter • Oct 26, 2023 • 189 Comments The much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3.
Prices of New Houses -15% from Peak on High Inventories. Sales Held Up with Lower Prices & Massive Mortgage-Rate Buydowns by Wolf Richter • Oct 25, 2023 • 153 Comments What homebuilder PulteGroup said about mortgage-rate buydowns. Homebuilders have figured out this market, homeowners have not.
Alphabet Shows the Mega-Layoff Announcements Were Just That, Headcount Dropped Far Less and is Rising Again by Wolf Richter • Oct 25, 2023 • 52 Comments But the layoff announcements across tech and social media were effective in re-explaining to workers who the boss is.
