Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC. Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds….
A look at the day ahead in European and global markets from Ankur Banerjee Fears of a sharp downturn in the global economy have sent markets convulsing once more, with action focused on currencies and bonds as the escalating U.S.-China trade war has investors throwing out the usual playbook and fleeing dollar-based assets. Stock futures…
(Bloomberg) — China’s policymakers plan to sell a record 3 trillion yuan ($411 billion) of special treasury bonds in 2025, Reuters reported on Tuesday, a move aimed at bolstering the slowing economy. Most Read from Bloomberg The plan would be a sharp increase from this year’s 1 trillion yuan and be used to support consumption…
Wall Street opened lower Tuesday while escalating tensions in the Russia-Ukraine war prompted investors to shift toward traditional safe-haven assets including gold and Treasury bonds. The S & P 500 fell 0.5 percent in early trading, with the Dow Jones Industrial Average dropping 319 points, or 0.7 percent. The Nasdaq composite also slid 0.5 percent….
China unveiled stimulus measures to boost an economy blighted by a years-long property sector crisis and chronically low consumption (ADEK BERRY) China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one…