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🤔 My Thoughts
Why do US treasury bonds matter?
Well aside from Congress’s outrageous runaway spending, they are key for homebuying…
As most mortgages are directly tied to the 10 years treasury note.
And even as the stock market finds some footing in the chaotic trade war environment, treasuries are unusually high compared to the last 10-15 years.
Which means U.S. homeowners and folks thinking about buying a home are super unsure about the real estate market right now—more than they’ve been since 2023.
A Bank of America survey out Wednesday says rising mortgage rates are scaring off buyers… and that’s all thanks to the rising yields on 10 year treasuries.
Out of 2,000 people polled, 60% were like, “Uh, is now even a good time to buy?” That’s up from 57% last year and 48% in 2023, according to the report from the country’s second-biggest lender.
Gotta target profits where you can these days!
I’ve got a huge trade brewing for NVIDIA’s earnings which drop today at market close…. But you have to get in on that BEFORE the earnings actually hit.
I’ll explain everything live at 11 AM right here. | | | | |
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