Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Renowned investor Bill Gross predicts that Treasury yields could potentially skyrocket in the near future. “I think we’re gonna go to five percent,” stated Gross in an interview on CNBC’s “Last Call” on Tuesday, referring specifically to the 10-year Treasury yield. “The market is …
According to Wall Street analyst Jim Bianco, Treasury yields are expected to witness a significant surge in the coming weeks, possibly overshooting 5%. “I don’t believe we have reached the end of this bond market movement,” said Bianco Research president in an interview on CNBC’s “Fast Money” show. Provided the Federal Reserve hints at halting …
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters JPMorgan Chase CEO Jamie Dimon …
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, is showcasing a home for sale to Ryan Paredes (L) and Ariadna Paredes on April 20, 2023, in Cutler Bay, Florida. Joe Raedle | Getty Images Mortgage rates surged on Monday as bond yields rose due to investor concerns about prolonged high interest rates …
A measure of wholesale prices exceeded expectations by rising more than anticipated in July, countering recent indications of easing inflation pressures. The producer price index (PPI), which assesses the costs that producers of goods and services receive for their products as opposed to the prices paid by consumers, showed a 0.3% increase for the month, …
A new housing development has been constructed near the Mokelumne River in Stockton, California. Lawrence Yun, the chief economist for the National Association of Realtors, highlights the impact of the Federal Reserve’s actions on the housing industry. While the Federal Reserve’s interest rate hikes aim to control inflation, the bond market, specifically the spreads between …
Bitcoin touched a 13-month high on Thursday as the drumbeat for institutional bitcoin demand grew louder following comments from BlackRock CEO Larry Fink. The cryptocurrency ended the day flat at $30,302.03, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. However, it gave back …
A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage reached a new high of 7.22% on Thursday, as reported by Mortgage News Daily. This surge in mortgage rates is the highest …