Treasury Yield Curve Steepens, as Long-Term Yields Coddle Up to 5% while Short-Term Yields Stay Put, Not Seeing Any Rate Cuts. Mortgage Rates Rise to 7.24% by Wolf Richter • Jan 11, 2025 • 168 Comments 30-year Treasury bonds sold at auction on Friday at highest yield in at least 16 years despite Fed’s 100 basis points in rate cuts.
“Bond Market Rout” in the UK (like in the US) Only Pushes the 10-Year Yield into Low End of Old Normal after Many Years of Interest Rate Repression by Wolf Richter • Jan 9, 2025 • 126 Comments A normal cost of capital is a form of much-needed discipline for governments and investors, after years of free money turned their brains to mush.
10-Year Treasury Yield Rose 100 Basis Points since September as the Fed Cut 100 Basis Points. Why the Historic Divergence? by Wolf Richter • Dec 27, 2024 • 222 Comments Treasury Yield Curve Steepens. Bond Market a Wee Bit Nervous?
Treasury Yield Curve Un-Inverts Entirely, as Long-Term Yields Rise while Short-Term Yields Stay Put, No Longer Pricing in Rate Cuts. Mortgage Rates back Above 7% by Wolf Richter • Dec 21, 2024 • 120 Comments Since September, the Fed cut by 100 basis points while the 10-year Treasury yield rose by 87 basis points! There are now doubts about further cuts.
Treasury Yield Curve Un-Inverts Further on Surging Longer-Term Yields: 10-Year Yield Now Higher than All Shorter Yields. Mortgage Rates Resurge by Wolf Richter • Dec 14, 2024 • 114 Comments Fed cut by 75 basis points since September while 10-year Treasury yield rose by 75 basis points to 4.40%, as Bond Market frets about Inflation & Supply.
Money Market Funds, Large CDs, Small CDs, and Total Deposits: Americans’ Huge Piles of Interest-Earning Cash as Rates Drop by Wolf Richter • Dec 13, 2024 • 48 Comments Household cash in money market funds jumps to a record but CD balances begin to decline.
Credit-Market Mania Crushed “Yield Spreads” & Risk Premiums, but Corporate & CRE Borrowing Costs Are Still Much Higher by Wolf Richter • Dec 9, 2024 • 45 Comments Loosey-goosey financial conditions don’t mean low borrowing costs. They just mean narrow yield spreads.
Everybody Should Get Used to these Mortgage Rates, Says Fannie Mae CEO: Mortgage Rates, 10-Year Treasury Yields, QT, and Spreads by Wolf Richter • Dec 5, 2024 • 62 Comments “Current mortgage rates and Fannie Mae’s forecast for 2025 rates are well in line with rates over the past several decades.”
US Treasury Debt Held by Foreign Investors: Ravenous Appetite for Juicy Yields, Juicy Compared to their Stuff at Home by Wolf Richter • Nov 18, 2024 • 79 Comments Will foreign investors buy the Recklessly Ballooning US Debt? Increasingly crucial question. But yield solves demand problems.
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.
