30-year U.S. Treasury yield hits 19-year high, draws housing warnings
Peter Schiff and Mohamed El-Erian say the 30-year U.S. Treasury yield has climbed to 5.31%, its highest since June 2007, with both warning of housing and borrowing-cost pressure.
S. Treasury yield’s steady climb to multi-decade highs, warning the move could weigh heavily on the housing market and borrowing costs. 30%, a level the economy, and the housing market in particular, has not seen in decades,” El-Erian said on X, sharing a Bloomberg chart tracking the yield’s climb. 27% on Monday, marking one of the sharpest sustained moves in the yield’s 25-year trading history and pushing the yield back toward levels last seen in 2007.
Schiff replied to El-Erian’s post, noting the yield has already moved past that mark. 3% and headed higher. 5% is the next objective. 31% on Monday, its highest level since June 2007, even as expectations for a near-term Federal Reserve rate hike have eased.
The CME FedWatch Tool shows just a 36% chance of a interest rate hike in September, down from 48% a week earlier. Read Also: Nasdaq 100 Short Exposure Hits $20 Billion as Insiders Near ‘15-Year High’ in Buying: Is a Squeeze Imminent? 57% over the past year. 09% over the past year.
05%. 58% over the past year. 12% in extended trading. edge rankings show the iShares 20+ Year Treasury Bond ETF has a Momentum score in the 18th percentile and a negative price trend across the short, medium, and long-term.
Read Also: California’s Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll Disclaimer: This content was produced with the help of AI tools and was reviewed and published editors Photo courtesy: Shutterstock