Mortgage Rates hit highest point in almost 2 years

Mortgage rates are tied to bond yields in a direct relationship.
Bond yields continue to climb as investors have lost confidence this administration can reign in spending. Increasing bond rates indicate a lack of confidence in the economy. What is the response from the incompetent treasury secretary?

Today September 09, he announced  a $6billion dollar bond buyback to try and stem the increase in yields. For those that don’t follow this closely US Government bond yields increase to entice investors to buy them when there is a lack of confidence in the economy. The higher the government has to increase bond rates the more it costs the government because they have to pay a bigger return.

So how did the financial markets react to the $6billion dollar buyback? Yields went up some more meaning the markets are unimpressed.  The new Fed Chief is following Jerome Powells monetary policy plan. Treasury is trying to intervene in the markets to cap interest rates. History tells us it’s not going to work. There are two things that never lie, yoga pants and the financial markets. And the markets are saying the treasury is printing too much cash and government spending is out of control.
It’s a clown show, these guys do not know what to do. These clown are spending the country into a deep hole. THEY ARE INCOMPETENT. The US has trillions in debt, $6billion is a pickle in an elephant’s ass. These are not Republican Party moves. If only someone had warned us.

https://www.yahoo.com/finance/economy/policy/articles/treasury-poised-buy-6b-bonds-161232728.html

• This topic was modified 5 hours, 3 minutes ago by BigBalls.