A brief excerpt:
NOTE: This is technical and related to these earlier notes (and mortgage rates):
August 18th: Lawler: Is The “Natural” Rate of Interest Back to Pre-Financial Crisis Levels?
August 15th: The “New Normal” Mortgage Rate Range
From housing economist Tom Lawler:Below is a chart showing the Treasury yield curve from 1 to 30 years yesterday compared to the end of each of the previous four months.
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As the graph and table show, the one-year Treasury yield hasn’t moved much since middle of the year, while the 10- and 30-year Treasury yields have increased by over 100 basis points. While the yield curve is still very inverted by historical standards, it is a far cry from the “uber-inversion” of earlier in the year.
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