The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on a 30-year mortgage rose to 6.64% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. “Mortgage rates remain stagnant, hovering in the mid-6% range over the past several weeks,” said Sam Khater, Freddie Mac’s chief economist.
A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the explosive rally that took bonds higher at the end of 2023 will continue this year. Investors piled into Treasuries late last year on expectations that the Fed will cut rates as soon as the first quarter of this year, sending government bond prices roaring back from 16-year lows. Many are now recalibrating those bets following a blowout U.S. jobs number and a cautious message from the Fed, which last week said the strong economy could spur an inflationary rebound if rates are cut too soon.
EQSAdhoc SARTORIUS AG Key word Transaction in Own Shares SARTORIUS AG Sartorius successfully completes placement of 200 million euros of treasury preference shares 07Feb2024 0039 CETCEST Disclosure o
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Gun Owners of America is asking U.S. senators to press Treasury Secretary Janet Yellen for answers on how her department is monitoring financial transactions involving firearms.
EQSAdhoc SARTORIUS AG Key word Transaction in Own Shares SARTORIUS AG Sartorius launches placement of up to 200 million euros of treasury preference shares through accelerated bookbuilding 06Feb2024