Longer-term Treasury Yields & Mortgage Rates Explode, Yield Curve Un-Inverts Further as Bond Market Gets Spooked by Wolf Richter • Nov 6, 2024 • 205 Comments Going to further crush demand for existing homes. Bondholders feel the pain.
Inventory of Existing Homes in Texas Balloons to Highest in Many Years, Prices Drift Lower but Are Still Way Too High by Wolf Richter • Nov 5, 2024 • 73 Comments Inventories are piling up because prices are too high. But they’re coming down.
Social Security Update Fiscal 2024: Trust Fund, Income, Outgo, and Deficit by Wolf Richter • Nov 4, 2024 • 114 Comments Contributions rose by 5.6%, but benefit payments rose by 8.5%. The Trust Fund paid for the deficit, so its balance declined further, to $2.6 trillion.
Office CMBS Delinquency Rate Spikes to 9.4%, Highest Since Worst Months after the Financial Crisis by Wolf Richter • Nov 4, 2024 • 98 Comments “Survive till 2025” is the motto in CRE now, but that might not work either.
Buffett T-bills & Chills: Piled up T-bills, Ditched Stocks, Bonds, and Share Buybacks in Q3 by Wolf Richter • Nov 2, 2024 • 102 Comments Oracle of Omaha will sit on lots of dry powder when the S hits the fan and there will finally be some stocks worth buying.
Fed’s ON RRPs Plunge to $155 Billion as QT Drains Liquidity, Nothing Blown Up Yet. SOFR & TGCR Spreads Begin to Move by Wolf Richter • Nov 1, 2024 • 62 Comments “Such temporary rate pressures can be price signals” that help markets redistribute liquidity to where it’s needed most: Fed’s Logan.
Hurricanes Helene & Milton and the Boeing Strike Make Mess of Jobs Report. And Wages Surge by Wolf Richter • Nov 1, 2024 • 30 Comments Upon the data’s implications for inflation, the bond market puckered its lips: 10-year Treasury yield jumped to 4.35%, highest since early July.
Dear Readers, Please Donate to WOLF STREET: Fall 2024 Reminder by Wolf Richter • Oct 31, 2024 • 32 Comments Thanks to your generous support, WOLF STREET is free and open to all, and not behind a paywall.
Super Micro Computer Becomes the First AI-Mania Highflyer in our Imploded Stocks by Wolf Richter • Oct 31, 2024 • 58 Comments -42% in two days, -76% from peak-AI-mania in March 2024. There is some dark humor in those kinds of charts.
Inflation Doesn’t Want to Cooperate: PCE Price Indices for Core, Core Services, and Durable Goods Worsen Further MoM by Wolf Richter • Oct 31, 2024 • 60 Comments The YoY “core” PCE price index, the Fed’s yardstick for its 2% target, rose 2.65%, with no progress over the past 5 months. But energy prices plunged.
