“This is very reminiscent, so far, of 1987” —Ed Yardeni (via Bloomberg) Recession jitters, market turmoil in Japan and liquidity concerns slammed bond yields this morning. Despite a hefty intraday turnaround, the sentiment damage is done. Now markets wait for the next shoe to drop. It's possible yields

In the week ended August 2, the U.S. 10-year yield plunged 41 bps. That's a 9.8% drop in percentage terms, as measured against the yield the week before. How often does the 10-year Treasury yield belly flop 9.8%+ and 41 bps in a single week?

What we're staring at above is Canada's 5-year yield, which cascaded 72 bps in just 29 days. It's the first time we've closed under 3% since May 2023. Yield drops like this are as common as a one-handed economist, and multiple factors

Effective today, 30-year amortizations are back for high-ratio borrowers. It's their first sighting since going extinct in 2012. Given that 30-year insured ams. are exclusive to newbie buyers purchasing freshly-built homes, many mortgage originators are wondering, "How can I effectively promote this program?" Below are eight