Bond Market a Tad Antsy about Inflation Not Just Vanishing? One-Year Yield Nears 5%. Mortgage Rates Back at 6.5% by Wolf Richter • Feb 13, 2023 • 157 Comments “The equity market is refusing to accept this reality”: Morgan Stanley.
Delayed Reaction? 2-Year & 10-Year Treasury Yields Jump, Mortgage Rates Spike 40 Basis Points in Two Days to 6.39% by Wolf Richter • Feb 6, 2023 • 101 Comments Last week sinks in, and WHOOSH go yields.
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations by Wolf Richter • Jan 23, 2023 • 67 Comments Surge of delinquencies not caused by unemployment, but by taking Big Risks, hoping for Big Profits, and getting slapped, just as in 2019.
Can the Government Pay for its Spiking Interest Expenses? Time to Look at Interest Payments against Tax Receipts by Wolf Richter • Jan 14, 2023 • 180 Comments Inflation is an enemy of the people, but it’s a friend of government recklessness.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
How Strung-Out Are Households with their Debt Service & Financial Obligations as the Miracle of Free-Money Fades? by Wolf Richter • Dec 22, 2022 • 138 Comments Looks like households have lots of fuel left to throw on inflation, if they’re in the mood.
Drop in 10-Year Treasury Yield & Mortgage Rates Is Just Another Bear-Market Rally. Longer Uptrend in Yields Is Intact, with Higher Highs and Higher Lows by Wolf Richter • Dec 4, 2022 • 149 Comments “Nothing goes to heck in a straight line.” That’s how functional markets adjust to a new reality: Higher inflation, higher rates.
Era of Stimulus-Distorted Consumer Credit Ends: Auto Loans, Delinquencies, Prime & Subprime by Wolf Richter • Nov 17, 2022 • 93 Comments Auto-loan balances surge on sky-high prices, despite sales plunge. Delinquencies rise to pre-pandemic lows, subprime delinquencies return to 2016-2019 levels.
Credit Card Balances, Burden, Delinquencies & Collections in Q3: Consumers Still in Great Shape with their Cards by Wolf Richter • Nov 15, 2022 • 111 Comments Credit cards mostly a payment method, paid off monthly. Importance for borrowing declined over the years.
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4% by Now, but Now We’re at 7%. Wishful Thinking by Crushed Mortgage Lenders? by Wolf Richter • Oct 24, 2022 • 172 Comments This raging inflation will keep dishing up a lot more surprises.
