First, I want to thank all veterans who have sacrificed their lives to protect our country.
Second, bond markets are closed on Veteran’s Day, so this is a summary of Thursday close.
The US Treasury 10Y-2Y yield curve slope rose to 123 basis points.
And with the rising 10 year benchmark Treasury yield rising, we saw Bankrate’s 30 year mortgage rate also shoot up to 3.74%.
My Uncle John Sanders fought in the Battle of the Bulge and his service was almost identical to the HBO series “Band of Brothers.” He won a Silver Star and 2 Purple Hearts.
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