10-Year Yield Erases Post-MOU Losses, Hits 4.63%, Highest Since Jan 2025
The 10-year U.S. Treasury yield has fully reversed its decline following the signing of a 'Memorandum of Understanding,' reaching 4.63%, a level not seen since early 2025. This rise signals potential 7% mortgage rates ahead.
The 10-year Treasury note yield has officially erased all losses incurred since the signing of the "Memorandum of Understanding," climbing to 4.63%. This level marks the highest since late January 2025.
The move suggests that bond markets are repricing expectations for interest rates, with mortgage rates likely to follow. Observers now anticipate 7% mortgage rates are on the way in the United States.
The yield surge underscores ongoing adjustments in fixed-income markets, with implications for borrowing costs and housing affordability.
Source: The Kobeissi Letter