The 10-year note yield is skyrocketing and now at 4.63%, its highest since June 2007.
Since last week’s Fed meeting, the 10-year note yield is up 35 basis points.
Since the last Fed rate hike in July, the 10-year note yield is up 60 basis points.
Interest rates on just about… pic.twitter.com/7bsPQk30ma
— The Kobeissi Letter (@KobeissiLetter) September 27, 2023
JUST IN: Percentage of credit card and auto loan balances transitioning to serious delinquency have surpassed pre-pandemic levels, per Fitch.
Probably nothing.
— Genevieve Roch-Decter, CFA (@GRDecter) September 27, 2023
*10Y YIELD HITS 4.62% pic.twitter.com/ts3aJi7i6j
— Don Johnson (@DonMiami3) September 27, 2023
The 30-year, fixed-rate #mortgage is now 7.9%. Not only will the rate break 8%, but 9% is likely before year end. That will effectively triple mortgage rates, causing the Fed's balance sheet to explode, as insolvent #banks dump their highly underwater MBS on the #Fed at par.
— Peter Schiff (@PeterSchiff) September 26, 2023
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