Stranger things! The US Treasury yield curve has risen over 18 basis points over the past month at the 10-year tenor. And 31 basis points at the 30 year tenor.
On the residential mortgage side, the Bankrate 30Y mortgage survey rate rose to 3.13%.
i would have thought that after Powell’s hysteria over the Covid virus that The Fed would have been pushing the yield curve DOWN. Maybe this explains it: The Federal Reserve Board of Governors.