The Morning After (The Harris/Walz Adventure)? 2-Year Treasury Yield Falls With Fed Rate Cuts (Mortgage Rates Decline)

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Like in the film The Poseidon Adventure, we are living in “The Morning After.”

When The Fed lowered their target rate by 50 basis points yesterday, we saw the 2 year Trreasury rate take a plunge.

With a declining 2-year Treasury yield, we see the 10Y-2Y yield curve going positive.

Of course, mortgage rates are falling with declines in the Fed Funds target rate.

Rates will continue to decline.

If HarrsWalz are elected in two months, we will see a repeat of The Poseidon Adventure. Call it the Harris/Walz Adventure!

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Published by confoundedinterest17

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