re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000

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If treasuries are paying 5% or so, is anyone surprised?

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The fact that the Fed paused rates yet lending rates are still going up is concerning.

I read a pretty good explanation as to why.

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Rates continue to rise despite a rate pause due to record levels of Treasury Bonds

10-year note yield rises as high as 4.37%, the highest since 2007.

Rates continue to rise despite a Fed rate pause expected.

Why?

The US is issuing record levels of Treasury Bonds to fund deficit spending.

There is so much supply that it is driving bond prices lower and treasury yields higher.

Between this quarter and the next, $1.9 trillion in US Treasury bonds will be issued.

We are paying for deficit spending in many ways.

Higher interest rates is one of them.

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