Greetings,
United States: Mortgage applications to purchase a home dropped last week. Are rising mortgage rates starting to take a toll on housing demand?
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/US-MBA2202100431.png)
The 30-year mortgage rate is approaching 4%.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/US-Mortg-Rate2202100431.png)
Asia-Pacific: JGB yields keep climbing.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/JP-302202100431.png)
Commodities: Many commodities are in backwardation amid tight supplies.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Backwardation2202100431.png)
Equities: There has been quite a bit of shorting since the start of the year.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-There-has-been-quite-a-bit-of-shorting-since-the-start-of-the-year2202100431.png)
Traders are very short the Russell 2000 (small-cap) futures.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Small-cap-specs2202100431.png)
Rates: The yield curve keeps flattening as economic growth projections moderate while expectations for rate hikes move up.
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/RA-10-22202100431.png)
Food for Thought: Corruption rankings:
![The Daily Shot Brief – February 10th, 2022](https://thedailyshot.com/wp-content/uploads/VTG-Corruption-rankings22202100431.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com