30-Year Mortgage Rates Cross 7% as 10-Year Treasury Hits 5%
30-year fixed mortgage rates jumped back above 7% as the 10-year Treasury touched 5% and MBS spreads widened. Here is what is driving borrowing costs.
Economy & Macro
Explore inflation, employment, growth and other economic developments that shape financial markets. Find context for economic releases and explanations of commonly used indicators. Find your way around ECMSource.
The Buffett Indicator: What It Measures and When It Fails
The Buffett Indicator compares total stock market value to GDP. Here is how the formula works, historical valuation tiers, and why the ratio can mislead.
10-Year Treasury Yield Tops 5%: Inside BofA’s Bond Call
As the 10-year Treasury yield clears 5.00%, Bank of America calls the century-worst bond slump a generational entry point for patient capital.
Bank of England Holds at 3.75%: Gilts Slide on 6-3 Split
The Bank of England held rates at 3.75% in a 6-3 vote, defying the Fed’s rate hike. Benchmark 10-year and 30-year gilt yields tumbled as markets weighed inflation.
10-Year Treasury Hits 4.98% as $6B Buyback Demand Plunges
The 10-year Treasury yield neared 5% on Sept. 14 as Treasury’s expanded $6B buyback logged a record-low 1.7x cover, rattling debt markets ahead of the Fed.
Yankee, Samurai, Kangaroo: Foreign Bonds Explained
Yankee, Samurai, Kangaroo, Panda, Dim Sum — a field guide to foreign-currency bonds: what each is, where it trades, who regulates it, and why issuers use them.
Coca-Cola Taps Bankers for $1B India Bottler IPO
Coca-Cola has invited Kotak, HDFC and Citi to pitch on a $1B IPO of Hindustan Coca-Cola Holdings at a ~$10B valuation, targeting a 2027 BSE/NSE listing.
Argentina Bonds Rally as S&P Lifts Sovereign Rating to B-
S&P upgraded Argentina to B- on June 10, 2026 — the first time the country has carried a single-B rating since August 2019. The 2035 notes jumped to 78.9 cents.
172k Jobs, $1T Wiped: Nasdaq’s Worst Week in a Year
A hot May payrolls print pushed Fed rate cuts off the table and triggered a 10.4% single-day SOXX collapse, dragging Nasdaq to its worst week in a year.
Howard Davies-Led J.C. Flowers Buys Monte Paschi’s French Arm
J.C. Flowers acquires Monte Paschi’s French lending arm; Howard Davies takes the chair as BMPS streamlines post-Mediobanca.