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U.S. commercial mortgage-backed bond yields soar

No surprise that now we are waking up to the fact that we are facing a serious recession, the commercial real estate market is finally starting to lag, prices are declining and risks on the bonds are...

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10-year Treasury yield raises to 4% due to sloppy auction

It can not be a good sign when fixed income trader called the Treasury auction “sloppy”.  With the 10-year at 4%, we can expect that the longer portion of the “yield curve” is going to steepen.  This...

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