According to the latest MMG, Mortgage Market Guide, email when the 10Yr Treasury note has broken thru the 1.75% rate ceiling it is predicted that it will hit 2% quickly. Today the note has hit 1.77%
While the 10Yr directly effects the short term interest rates, credit cards, car loans, etc., the Guide point out that long term rates, read as mortgages, tend to follow suit.
NH
And as the Captain said last week, the carnage is not over. Growth and tech getting hit hard again. Value is holding up well, as are some REITs.
And as the Captain said last week, the carnage is not over.
Thanks!
But not all growth is in a bubble. For example TSLA us down 19% from it recent all time high but it is up 42% from the start of 2021.
PTON is down 81% from its all time high!
The question is, will your stocks bounce back? One needs to understand the business model of growth stocks because traditional metrics are all but useless.
I’m keeping my powder dry waiting for the bottom.
The Captain
The question is, will your stocks bounce back?
Volatility =/= Risk
10Yr Treasury note has broken thru the 1.75% rate ceiling it is predicted that it will hit 2% quickly.
Interesting; considering the fact that the 10 yr last peaked at 1.73% in March of last year and cratered after that.
Also, considering the fact that there is almost no historical data of rates being below 1.75% over the last 60 years, what possible basis could they have to make such a prediction? We have been below 1.75% maybe 0.1% of the entire history of the 10 yr note. Just how many times in the last 60 years have we been low enough to break thru 1.75%? Just three or four times, depending on how one counts.
Hawkwin
who will take a pass on the squishiness of “quickly.”
But who also thinks all signs point to 2+%, quickly or otherwise.
what possible basis could they have to make such a prediction?
Hawkwin,
The tapering.