The rise in the stock indices today may signal time for relief to some investors but there is a serious warning being sounded in the bond market.
Late last year, I published a couple of posts (here and here) noting that some pundits were calling for the 10-year Treasury note to come down to 2.5% or [...]
The Wall Street Journal has a lengthy tome on US foreclosures[$] in today’s edition. Here are a few points from it I’d like to add to yesterday’s post.
Ivy Zelman, probably the preeminent housing analyst in the US (see what a snarky Kool-Aid comment and being right all the time does for your reputation?), predicts that [...]
Scott Minor (sp?), CIO of Guggenheim Partners, appeared on Bloomberg’s Final Word program today talking about interest rates. According to him, once the Fed gets the 10-year note down to 2.5%, the housing market will see buyers coming back to the table.
Now I don’t disagree that 2.5% long-term rates will bring buyers back (including [...]
