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 30-year mortgage rate is approaching 4%.
Asia-Pacific: JGB yields keep climbing.
Commodities: Many commodities are in backwardation amid tight supplies.
Equities: There has been quite a bit of shorting since the start of the year.
Traders are very short the Russell 2000 (small-cap) futures.
Rates: The yield curve keeps flattening as economic growth projections moderate while expectations for rate hikes move up.
Food for Thought: Corruption rankings:
Edited by Daniel Moskovits
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