Ticker reports:
The Bond Market has had it with the games, and despite a "good" auction today signaled its disgust with the lies, the unending deficits and both bonds and stocks sold off at the same time
The 10-year bond went to 3.67+% rate (up from ~3.5%,) AND the Dow sank by 100 points.
That's the good news, relatively speaking.
Prime 30-year mortgage rates went from 5.08% to 6.52% overnight!!
No wonder Obama is playing with a national sales-tax (VAT) and mewling about being "out of money."
He IS 'out of money.'
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3 comments:
But yet Obama said yesterday that the economy is getting better. He's smoking that cocaine again.
30 year mortgage rates did not spike from 5.08% to 6.52% overnight. They just didn't.
All I did was follow the link.
BankRate today shows 30 year primes in Milwaukee between 5.125 and 5.925 APR, average around 5.3.
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