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US mortgage rates continued rising this month and are now at their highest level since January of last year. They have soared to 7.03%, much higher than this year’s low of 5.98%. This rally will likely continue in the near term as US Treasury yields keep soaring. Treasuries have jumped because of rising US public debt
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but