From a political perspective it is really amazing that the administration went into this year fretting about affordability issues because of the midterms, and then made one of the few foreign policy decisions that simultaneously drives up gas prices and mortgages rates

Adam Kobeissi
@TKL_Adam
03-27
US bond markets are under serious pressure. The 10Y Note Yield is back at 4.40% and the average 30Y Mortgage is up to 6.38%, up for 4-straight weeks. Just days prior to the Iran War, mortgages fell to the 5%'s for the first time since 2022. The bond market needs serious help.
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