Those with adjustable mortgages are going to get seriously disgruntled.
Monthly Statements, Ahoy!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Key Bond Break
This is rather exciting: yet another failure of a key trendline, this time for the high-yield bond fund.
Fed Hikes Are A Godsend For These Companies
The Federal Reserve continues to hold an aggressive position on sticky inflation. The central bank recently approved a much-anticipated interest rate hike of 25 basis points, pushing their benchmark borrowing cost to the highest level in more than 22 years.
During its most recent meeting in July, Federal Open Market Committee (FOMC) Chair Jerome Powell announced that the Federal Reserve will continue its monetary tightening, raising the rate to a target range of 5.25% – 5.5%.
The last time rates were this high was when George Bush was still president.
However, the central is not yet finished with its aggressive monetary policy, and there is currently a 20% to 30% chance of yet another 25 basis point rate hike in its upcoming meeting in September according to a federal watchdog, CME Group.
(more…)Bearish Bonds Bleeding
The 40 month old bear market in bonds continues! My view is that the most recent pattern, a bearish right triangle, portends continued good fortune for interest rate bulls.
