Interest Update

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Interest rate data is hard to find, but SlopeCharts has a wealth of it. Rates have been strengthening all year long (click on any chart for a larger version; the chart’s definition is in the upper-left corner):

slopechart FR DFII
slopechart FR DFII
slopechart FR MORTGAGE US

My view is that this pop in interest rates is near its end. Considering how suffocated the nations, corporations, and citizens of the Earth are with debt, high rates simply won’t be tolerated. Besides that, looking at the two key charts below, we are approaching some important levels of strong resistance.

slopechart FR MORTGAGE US
slopechart FR DGS