It’s Bill Rapp, the Mortgage Viking here, let me tell you about what the Good Ole Boys on Wall Street are talking about today…
Yields are slightly higher across the curve this morning, with the 2-year Treasury yield at 2.47%, the 10-year yield at 2.65% and the 30-year yield at 2.99%.
Recent optimism that progress towards a U.S. & China trade deal will be made ahead of high-level trade talks this week in Beijing.
I’m hoping we see a U.S.-China deal before the March 1 deadline for higher tariffs.
The U.S. government is potentially headed for another shutdown as political tensions flare between Congress and the president.
Demand for U.S. corporate bonds has surged after the Federal Reserve signaled that it’s done raising interest rates for now and eased investor concerns that rate hikes will choke off economic growth and crimp profits.
Strategists at JPMorgan Chase & Co. and Bank of America now believe there’s a lower chance of a recession and have been growing more bullish on corporate debt, at least for the near term
That is all for today, please do not forget to subscribe and share this post if you found it useful!
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