Already Gone! US 10-Year Yield Rises To 5%, Highest Since 2007 As Yield Curve Goes Positive! (Housing Affordability At All-time Low)

confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, CMBS, CRE, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Gold, Housing, Inflation, Mortgage, New Home Sales, Oil, Powell, REITs, Silver, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve October 23, 2023October 23, 2023 1 Minute

The chances for interest rate cooling are already gone!

The 10-year Treasury yield rose to 5% for the first time since 2007 and the housing price bubble, and ensuing financial crisis and Great Recession.

Then promplty dropped below 5% again.

But at least the 30Y-2Y yield curve has turned positive.

And with rising rates, housing affordability is at a record low.

Housing prices are expected to decline later this year, but rebound in 2024.

Its another cheap tequila sunrise under Bidenomics!

But we have video of Biden and his wife Jill walking along the beach on yet another vacation to Rehobeth Beach, Delaware while the world teeters of WWIII, over 200 hostages are still held by Hamas, and housing affordability hits an all-time low. It must be nice not to care.

The most empathetic President in history, my ass.