Inflation, yield curve
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Cryptopolitan on MSNEuropean stocks and US treasury yields fall after Israel attacks IranEuropean stocks dropped sharply when markets opened on Friday’s as investors switched to safe-haven assets following Israel’s strikes on Iran.
2don MSN
"The 10-year will probably trade range-bound for a while between 4-4.50% and maybe even rise a little bit further, particularly given deficit concerns. The yield curve should continue to steepen as short-term yields drift gradually lower as the Fed cuts rates one or two more times by year-end," Schwab's Martin added.
Mortgage rates edged down on Thursday, closely mirroring the downward path of 10-year Treasury yields driven by weaker than expected private-sector hiring numbers.
After shooting higher for two days, 30-year mortgage refi rates have now registered a two-day drop. Rates moved lower for many other refi loan types as well.