Housing Permits Fall To 7 Month Low, Fed Keeps Rates Unchanged, 2Y Treasury Yield Jumps 10 BPS (Ill Gov JB Pritzker Approves Psychedelic Gerrymandered Map)

March housing starts hit their highest level since December 2024 but permits fell sharply to a seven-month low.

Yesterday’s Fed meeting left interest rates unchanged but 2y Treasury yield jumped 10bps to 3.94%.

Here is the Illinois Congressional map that Ill Governor JB Pritzker approved. Almost looks like a psychedelic map of R Crumb.

It almost looks like artist R Crumb drew the Congressional map of Illinois.