Simply Unaffordable! US Treasury 10Y Yield Rises To 4.35%, Highest In 2024 (Mortgage Rates WILL Climb To Over 8%)

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The staggering amount of Fed money printing combined with insane, reckless spending by The Federal government (hereafter called The Feral Government) has caused massive distortion in the US economy.

The result of excessive money printing and excess spending (and Feral debt)? First, the Freddie Mac House Price Index increased in February, up 5.9% year-over-year.

Second, the US Treasury 10-year yield is up tp 4.35%, the highest in 2024.

Third, with the 10-year Treasury rising towards 5%, watch for the 30-year mortgage rate to rise AGAIN making housing even more unaffordable. Or as Robert Palmer almost sang, Simply Unaffordable. Today, the 30-year mortgage rate is 7.567%. Look for it to climb to over 8% very soon.

Fourth, BOOM: federal debt explodes $41 billion higher yesterday, breaching $34.6 trillion for first time ever; we’re on track to borrow $2.9 trillion this fiscal year – how long before the bond vigilantes have to remind everyone just how much power they have?

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Doctor, doctor (Yellen, not Jill Biden), we’ve got a bad case of bad economic policies.

Published by confoundedinterest17

Published