10-year Treasury Yield Back at 4.39%, Yield Curve Steepens at Long End, Mortgage-Rate Spread Remains Historically Wide by Wolf Richter • May 9, 2025 • 71 Comments Despite the rumors during bond turmoil, foreigners kept buying Treasuries and the “basis trade” didn’t blow, but the “swap spread trade” made a mess.
Despite Turmoil in Stocks: Financial Conditions, Financial Stress, Junk-Bond Spreads Still in La-La Land or Barely Exiting by Wolf Richter • Apr 21, 2025 • 128 Comments These are aspects the Fed is considering in its monetary policy; that type of discussion is part of its meeting minutes.
The Spread between 10-Year Treasury Yield & Mortgage Rates Is Historically Wide and Widened Further: Some Thoughts by Wolf Richter • Apr 18, 2025 • 152 Comments Mortgage rates are higher in relationship to the 10-year Treasury yield than they were most of the time over the past 50 years. There are reasons.
10-Year Treasury Yield Snaps Back to February’s 4.5%, Yield Curve Re-Un-Inverts, Mortgage Rates Back at 7% by Wolf Richter • Apr 12, 2025 • 147 Comments The aggressive Bash-Down by the White House of long-term Treasury yields and the dollar since January worked. Until it didn’t.
10-Year Treasury Yield Snaps Back Brutally, Stocks Go Crazy, S&P 500 Spikes 8.5% then Plunges Back in 1 Hour on Fake News by Wolf Richter • Apr 7, 2025 • 131 Comments Treacherous markets. But they did seem to catch their breath finally. Stocks are due for a big bounce.
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.
