Menu Close

US Treasury 10Y Yield Highest Since 2014 (30Y Mortgage Rates Near Highs Since 2014) As Home Price Growth Hits 6.41% YoY (Seattle Fastest, DC Slowest)

This is a syndicated repost published with the permission of Confounded Interest – Online Course Notes for Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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.

30ymo10y

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.

fedbalugh

Meanwhile, the Case-Shiller repeat sales index for 20 cities rose to 6.41% YoY.

cs20yoy

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).

csbestworst.png

Meanwhile, gold has a rounding bottom.

goldroundbottom

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading