๐ Treasury Yield Updates
5-Yr UST Yield: 3.727% > 3.845%
10-Yr UST Yield: 4.136% > 4.255%
Why is this important?
- Typically for every 20 basis point swing, rates will move 1/8th in the corresponding direction. In the last week rates have held steady with no real movement in any direction.
- Big jump in rates in the last week. Paying attention to external factors, this is no need to panic in the long run.
๐ Industry Headline
โข Buyer Friendly Spring: Experts are predicting a buyer friendly spring. Pace of inventory and falling prices will contribute to a big boom in purchases going forward. ๐ What You Should Know (Opinion)
War creates uncertainty in global markets
Oil prices rise
Higher oil creates inflation pressure
Bond yields move up
Mortgage rates creep higher