The RateWatch
 Commentary by Bill Brizendine of Melody Capital MarketsTreasury yields dropped like a stone last week as tame PPI and CPI numbers were released and housing starts were down. This encouraged the markets to believe the pause in the Fed’s interest rate increases would hold beyond the September 20 meeting as both inflation seems contained and the economy continues to slow. The yield on the 10-year UST fell 13 bps to close at 4.83%, it’s lowest since the end of March. Sub-6% commercial fixed rate mortgages are back, at least for now. Attached this week are the latest Wall Street and economist forecasts for the 10-year Treasury yield. The poll, taken 10 days ago, might show lower 3rd quarter numbers were it taken today. Download The RateWatch: Download Wall Street and economist forecasts for the 10-year Treasury yield: |