The financial markets reacted sharply this week to the Federal Reserve's policy decision on October 29th, where the Fed decreased rates by 0.25%. This move immediately translated into higher Treasury yields across most of the curve, representing a significant reversal of the downward trend observed in previous weeks. Upcoming Key Economic Data Release:   Next new jobs  Oct 3     (Fed Govt shutdown, no data released) Next CPI release  is Nov 13   (Fed Govt shutdown, delayed but released on...

For the week ending October 23rd, 2025, the 30-year fixed mortgage rate continued its recent downward trajectory, falling by a notable 8 basis points (bp). This decline is particularly interesting as the 10-Year Treasury rate simultaneously increased by 2bp, a divergence that suggests idiosyncratic factors are impacting mortgage-backed security pricing, leading to a narrowing of the spread. For a $100,000 loan at 6.19%, the monthly payment decreased $5 to $612 Upcoming releases:   Next new...

In this week’s Treasury market report, economist Bill Knudson identifies a continued softening in long-term rates as markets navigate...