1980’s Finance

JUST IN: US 30 year mortgage rate rises to 7.50%, highest since 2023

U.S. mortgage rates hit highest since 2023

So you’re telling me if I put $2,000,000 into the 30-Year Treasury at 5.60%… I get $112,000 a year for 30 years for doing nothing?!?!? You could EASILY retire off that income why are more people not doing this…

This is why the next generation feels the way they do.

US Treasuries are experiencing one of the worst bear markets in history: The 30Y US Treasury price return index has dropped -60% since 2020, to ~107, matching its lowest level in 2000. In other words, in just 6 years, the index has erased nearly 20 years of gains. By comparison, US nominal GDP has grown +63% over the same period. This comes as the 30Y Treasury yield has surged +478 basis points from its intraday low of 0.71% set in March 2020. To put this into perspective, its previous largest drawdown over the past 40 years was -35% during the 2008 Financial Crisis. We are witnessing a historic bond market decline.

This is ABSOLUTELY wild. The reverse mirror image is so accurate it's almost scary. Very scary. The inverse of the 10yr yield is.... $MCD. What a sight.

Today 30yr mortgage rates hit 7.5%. This post from Reddit shows how that’s a 43% reduction in purchasing power in just 5yrs. 🤯