Freddie Mac Mortgage 30 year rate is up a full percent since last year and at an 7 year high - even though it is "only" at 4.79
So it’s eye-catching, then, that Gundlach reiterated in a webcast on Tuesday his call that the 10-year Treasury yield would rise to 6 percent by 2020 or 2021. “We’re right on track” for that, he said. As a reminder, that would be the highest yield since 2000.
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5 Year German bonds: -0.148%
Somebody is really wrong here.
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And that curve continues to flatten despite the strong economy. Could it be that once Europe let's up on their QE, the US long end shoots higher? Perhaps.
See that, impending doom right around corner, which means we're gonna have more Macho Man new highs for the rest of the summer.