Posted on 07/11/2023 9:57:23 AM PDT by Kaiser8408a
I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today.
The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) to -91.166 basis points as the turnaround in M2 Money growth has stalled. Bankrate’s 30Y mortgage rate is up to 7.37%, that is UP 156% under Bidenomics.
Bitcoin is down today. At least Solana is up.
Since November 3, 2022, the US Dollar Index is DOWN -9.68%, Gold is UP 18.55% and Bitcoin (Elizabeth Warren’s latest obsession) is UP 51.11%.
(Excerpt) Read more at confoundedinterest.net ...
Just tell me the various governement rates, and I’ll figure it out from there.
2 year Treasury’s are trading near 5%.
YoY!
Strong economy, too much inflation, strong dollar, and bitcoin is a sideshow owned by a tiny number of people who cannot get out of their huge positions and so try to bring in suckers.
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