Fed Post-mortem: 10Y Treasury Yield Rises To 4.13%, 30Y Mortgage Rate Falls To 6.5%, US Dollar Falls

#bubble, #inflation, CMBS, CRE, Credit, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Yellen 1 Minute

Fed Chair Jerome Powell is the God of Hellfire! We should always wait a day to digest Fed’s annoucements since they often make little sense. For example, yesterday the 10Y yield fell below 4% after The Fed’s announcement … then promplty rose above 4% again. And today, the US Treasury 10Y yield rose to 4.1276%

The 30Y US mortgage rate fell to 6.493%.

How about the US Dollar? Similar to the US 10Y yield, volatility reigned following Powell’s muddled message.

Powell rarely is straightforward and never puts cash on the barrelhead.

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Published by confoundedinterest17

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