The decline in 10-year Treasury yields and mortgage rates is just another rally in the bear market. The longer uptrend in yields is intact, with higher highs and higher lows
“Nothing goes wrong in a straight line.” This is how functional markets adapt to a new reality: higher inflation, rates. By Wolf Richter for WOLF STREET. There was a lot of talk and hesitation and the Fed kingpin fantasized about the 10-year Treasury yield falling from 4.25% at the end of October to 3.51% at …
