Surging bond yields to pinch homeowners and retireessource: cnbc real estatepublished on 2018-02-26
Rates for home loans moved down, Freddie Mac said, but a sell-off in. little reason for homeowners to take a chance on future interest rates.
A surge in bond yields that sent stock markets skidding from record highs this month may have ripple effects outside Wall Street, as home.
Surging bond yields to pinch home owners, retirees. In addition to speculation over the number of Fed rate hikes this year, investors have grown nervous over the surge in government borrowing to fund a growing budget shortfall due to last year’s tax overhaul and a two-year budget agreement to raise government spending.
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Surging bond yields to pinch homeowners and retirees February 26, 2018 admin economy 0 The other side of the household balance sheet has also been knocked around by the wild swings in stock prices and bond yields, which move inversely to their prices.
Real bond yields and credit spreads are what truly matter to the equities market. Real bond yields are still well below 1.5% and investment credit spreads have been tightening since the third quarter.
Rising bond yields will free up companies to contribute less to pension plans, which are helped most by the rise in yields of U.S. Treasury debt with a long maturity. Last year’s "flattening" in the yield curve, in which long-dated yields fell faster than short-term yields, had hurt some pension plans.
Bond Yield: A bond yield is the amount of return an investor realizes on a bond. Several types of bond yields exist, including nominal yield which is the interest paid divided by the face value of.
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With 10- and 30-year Treasury yields surging and U.S. equities fighting to hold onto gains, bonds are starting to look a lot more appealing. But a flight to the safety Treasuries might not be the best.
While bank executives and most Wall Street analysts have been arguing for years that financial firms would benefit from higher interest rates in the form of fatter loan payments, the surging losses on.
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