Market Outlook
Inversion! US Treasury 10Y-5Y Curve Inverts As Investors Flee Treasury Market As Mortgage Rates Hit 4.42% – Confounded Interest
The US Treasury 10Y-5Y curve (aka, the belly of the Treasury beast) has inverted.
It is more about the 10Y Treasury yield rising more slowly than the 5Y yield.
Freddie Mac’s 30Y mortgage commitment rate rose to 4.42%.
Today’s initial jobless claims came in at 187k, the lowest in modern history!! Overheated much?
More fuel on The Fed Fire to raise rates above 0.50%.
Fixed-income trading floors:
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