Breaking: The Big Short part 2 is loading
Bond yields broke 2007 peak, and here's how it looks:1. The 10-year Treasury hit 5.34%, highest since 20022. Mortgage rates jumped to 7.28%, highest in years3. Mortgage applications have fallen 4 weeks in a row4. $400K home loan costs $344 more a month than in FebruaryLast time yields were this high was June 2007, 15 months before Lehman collapsedMichael Burry warned on his Substack: "housing market is starting to creak"The copyright of this article belongs to the original author/organization.
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