Schiff sees 8% Treasury yield, says mortgages could top 10%
Peter Schiff said a structural bond-market bear market could push the 10-year Treasury yield toward 8%, which he said would imply mortgage rates above 10%.
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Peter Schiff said a structural bond-market bear market could push the 10-year Treasury yield toward 8%, which he said would imply mortgage rates above 10%.
Gold rises above $4,650/oz, hitting the highest level in more than three months, after US long-dated bond buybacks revive the “debasement trade.”
Gold rises to $4,480 per ounce on Wednesday, its highest since early June, as long-dated US Treasuries rally following a doubling of Treasury note and bond buybacks in the upcoming quarter.
Gold rises to $4,480 per ounce, the highest since early June, as long-dated Treasury yields ease after the US Treasury said it will raise its buyback limit to $4 billion for the quarter to November.