This is a syndicated repost courtesy of Confounded Interest – Online Course Notes for Financial Markets. To view original, click here. Reposted with permission.
US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US Treasury 10-year yield has risen to its highest level since 2014 (red line). And Bankrate’s 30-year mortgage rate survey is near its highest level since 2014 as well.
Liquidity moves markets!Follow the money. Find the profits!
2014 is the magic year for interest rates since The Fed’s Treasury Note/Bond and Agency MBS purchases were halted on October 29, 2014.
Seattle and Las Vegas are the fastest growing cities in terms of home prices (over 10% YoY) while Chicago and Washington DC are the slowest growing (3.6% and 3.3%, respectively).
Meanwhile, gold has a rounding bottom.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.