US debt crisis concerns, rising Treasury yields, and housing market slowdown
- 1Redfin announced a 4% decline in pending home sales for September.
- 2The 10-year Treasury yield stood at 5.19% at Wednesday's close, marking a 123bp increase from late February to Wednesday's close.
- 3Treasury Secretary Scott Bessent argued that the US deficit target should be set below 4% of GDP by the end of Donald Trump's term.
So what's the key point?
Home buyers in the US decreased by 4% and Treasury yields rose to 5.19%. Market conditions are changing as calls to reduce the national debt emerge.
Source CNBC · View original ↗
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