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US 30Y Mortgage Rate Rises To 7.22% As Fed Combats Near 40-year High Bidenflation, BUT 10Y Treasury Yield DOWN -12 BPS This AM (US Treasury 10yr-3mo Curve Falling Further Into Inversion)
Confounded Interest ^ | November 1, 2022 | Confounded Interest

Posted on 11/01/2022 6:30:10 AM PDT by ConservativeInPA

US 30-year mortgage rates are above 7% as The Federal Reserve slowly withdraws its Covid-related monetary stimulus and attempt to combat near 40-year highs in inflation under Biden (aka, Bidenflation).

However, the US Treasury 10-year yield is down -12 basis points this morning.

And we have an important predictor of recession, the Treasury 10yr-3mo yield curve.

And if the Republicans win The House (and maybe the Senate) at the midterms, Biden can blame Republicans for the recession.

Joe Biden, Hunter and Biden’s brother James must be singing “Damn, it feels good to be a Biden!“


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bidenomics; bonds; economy; inversion; investment; yieldcurve

1 posted on 11/01/2022 6:30:10 AM PDT by ConservativeInPA
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To: ConservativeInPA

But the stock market keeps going UP UP UP, to the moon Alice!


2 posted on 11/01/2022 6:33:14 AM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: ConservativeInPA

Buy the dip!


3 posted on 11/01/2022 6:33:32 AM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: Freedom_Is_Not_Free
But the stock market keeps going UP UP UP, to the moon Alice!

So much manipulation by bug money. We are being played, and most just chuckle about it. Idiots.

4 posted on 11/01/2022 6:44:16 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: CatOwner

*big money


5 posted on 11/01/2022 6:44:37 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: Freedom_Is_Not_Free

“But the stock market keeps going UP UP UP”

************

Some of this may be attributed to a perceived check on crazy Democrat policies (i.e., Republicans winning the House and/or Senate). This may prove to be an overly optimistic view. Republicans often squander their opportunities.


6 posted on 11/01/2022 6:45:55 AM PDT by Starboard
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To: ConservativeInPA

Fed has no clue what it is doing.

They pretty much throwing shat against the wall and hoping something eventually sticks.

EU is no better off either....

“Inflation came from nowhere”
https://twitter.com/wallstreetsilv/status/1586742825693192192


7 posted on 11/01/2022 6:46:35 AM PDT by cranked
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To: ConservativeInPA

Thanks for posting these graphs.

The inverted yield curve is a pretty reliable leading indicator.

Sharply rising mortgage rates also portend challenging times ahead for real estate.


8 posted on 11/01/2022 6:47:31 AM PDT by Starboard
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To: cranked

“Fed has no clue what it is doing.”

*************

That’s because its political and conflicted.


9 posted on 11/01/2022 6:48:42 AM PDT by Starboard
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To: Freedom_Is_Not_Free

Buy the dip!

**************

Buy the plunge to maximize your potential upside gain.


10 posted on 11/01/2022 6:51:10 AM PDT by Starboard
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To: Freedom_Is_Not_Free

GREAT charts! Showing the carnage caused by Biden and Demcrats.


11 posted on 11/01/2022 6:53:12 AM PDT by Kaiser8408a (u)
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To: ConservativeInPA
Bottom line is that we are paying the price of the totally unnecessary COVID shutdown and suffering the consequences (inflation) of all that "free money" handed out during that period.

Even the original "15 days to stop the spread" was a bunch of nonsense and did absolutely nothing beneficial.

12 posted on 11/01/2022 6:56:06 AM PDT by SamAdams76 (4,426,012 active user on Truth Social)
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To: SamAdams76

“15 days to stop the spread”

**************

Quite possibly the biggest PR stunt of all time.


13 posted on 11/01/2022 7:04:22 AM PDT by Starboard
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To: Freedom_Is_Not_Free

Stock market is the eventual sump for the vast majority of money printed. Where else can it go?
Gold? most of the gold held is fake on paper only, some of it is tungsten wrapped in gold.
Real estate? Have to pay tax on that every year
Bonds? You are going to loose money each time rates are increased.


14 posted on 11/01/2022 7:30:14 AM PDT by Purpleperson
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To: ConservativeInPA

I particularly liked “Damn it feels good to be a Biden.”

https://www.youtube.com/watch?v=hIoPlLEXM2Y


15 posted on 11/01/2022 7:41:06 AM PDT by Kaiser8408a (u)
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