search
Bond Buyer
Trends
- 1
Gold prices fell more than 2% as investors bet the US Federal Reserve will raise interest rates. Higher rates boost bond yields and the dollar, making non-yielding bullion less attractive to buyers. The drop marked one of the sharper daily declines for the metal, with traders watching upcoming Fed signals for direction.
- 2US mortgage rates climb above 7% as yields surge▼Mortgage rates break past 7% as bond yields surge, deepening U.S. housing gridlock
Average U.S. mortgage rates have climbed past 7% after a surge in Treasury bond yields, worsening the housing market's affordability crisis. Higher borrowing costs are keeping prospective buyers on the sidelines and locking in existing homeowners with low fixed rates, deepening the standoff between sellers and buyers and leaving home sales and construction activity under renewed pressure.