Fire! Biden And Fed Lit A Fire The Is Burning Out Of Control, US Treasury 10Y Yield Climbs Past 5%, Real 10Y Yield At 2.46%, Mortgage Rates At 7.63% (Highest Since 2000)
by confoundedinterest17 Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes. We now see the 10-year Treasury yield passing 5%. And the REAL 10-year Treasury yield passing 2.46%. And Freddie Mac’s 30-year mortgage rate survey is at 7.63%, …