Where The Real Action Is ..
The week began with growing concerns on Wall Street about the potentially chaotic nature of the upcoming administration and its propensity to balloon the federal deficit by trillions of dollars and to reignite higher inflation based partly on increasingly bizarre online musings from Trump and Musk. These worries are being reflected by steadily rising interest rates, including that of the important 10-year Treasury note, from which mortgage rates pivot (as of this week, I will now be tracking market interest rates for you on a weekly basis in this report, see below).
Bond vigilantes are…
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