Thunderstruck! Tariff Turbulence Causing 10Y Treasury Volatility To Increase As MBS Spreads Widen

#bubble, #inflation, Agency MBS, CMBS, CRE, Credit, Economy, Existing Home Sales, fannie mae, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Swaps, Trade, Treasuries, Treasury, Uncategorized, VIX, Volatility, Yellen, Yield Curve 1 Minute

Thunderstruck! The tariff kerfuffle between the Trump Administration and China is causing turbulence in the Treasury market. The 10-year Treasury rate is soaring with China’s counterpunching.

MBS spreads are widening.

Along with volatility.

But corporate spreads are widening more than MBS spreads.

The 10Y-2Y yield curve has risen to the highest level since the early days of “China Joe” Biden.

On a related note, Freddie Mac serious delinquency rates on mortgages is now the highest since the financial crisis.

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