• 728 days Will The ECB Continue To Hike Rates?
  • 728 days Forbes: Aramco Remains Largest Company In The Middle East
  • 730 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,130 days Could Crypto Overtake Traditional Investment?
  • 1,135 days Americans Still Quitting Jobs At Record Pace
  • 1,137 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,140 days Is The Dollar Too Strong?
  • 1,140 days Big Tech Disappoints Investors on Earnings Calls
  • 1,141 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,143 days China Is Quietly Trying To Distance Itself From Russia
  • 1,143 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,147 days Crypto Investors Won Big In 2021
  • 1,147 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,148 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,150 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,151 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,154 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,155 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,155 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,157 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

A Battle Day on the 30 Year Yields and Mortgages

While many will be focusing on the stock market today, the 30 year yields may be the battle to look at.

The Fed wants to keep rates low so that mortgage rates don't kill the housing market. At the same time, the yield Bulls want to be compensated with higher yields for higher risk levels, so we will likely see an unusual hi/lo range on today 30 year bond yield tick (Symbol: $TYX).

Note the triple top resistance on the 30 year yield chart below. The odds are that the TYX will rise above the 39.30 resistance today, and that will become a trigger for the Fed to jump in and try to drive the yield back down again.

 

Back to homepage

Leave a comment

Leave a comment