The ten year down to 2.68, the five year 9 points below the one year. That is a contango from repricing, everyone covering the bad bet they made just prior.
I like the ten at 2.68, sustainable, but Powell cannot keep it there, the moment is arriving for Swamp to refinance the mortgage. So both parties are trying to fake it, except for the mortgage bill swindle they might have gotten away with it. Both parties play their hands, welfarism on a monster scale with that horrid bill. With both parties faking it, the ten year will suddenly jump as they emerge from their closed door plot.
That high interest, 30 year mortgage Congress signs on to is paid for all the way through the careers of our trailer park millenials.
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