Bizarro World! 10-year Treasury Yield Rise To 4.38% On Horrible Jobs Report (Mortgage Rates Headed To 8%)

#bubble, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, CMBS, CRE, Credit, Currency, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Jobs, Mortgage, New Home Sales, Powell, Silver, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

All aboard the crazy train!

Today’s jobs report was terrible despite the sheer number of jobs added. Why? They were all part-time jobs.

And on that “all part-time jobs” report, the US 10-year Treasury yield rose to 4.38%.

Which means that mortgage rate will follow upwards. All based on part-time job growth.

Bizarro World! Unfortunately, the Federal government and Federal Reserve think they are Superman. But only in Bizarro World.

Published by confoundedinterest17

Published

One thought on “Bizarro World! 10-year Treasury Yield Rise To 4.38% On Horrible Jobs Report (Mortgage Rates Headed To 8%)”

Comments are closed.