Did Rates Fall?®

NO 10-Year: 4.25% | ⬆ 11 bps UPDATED: 3/28 3:20 PM Another big sell-off in equitites unfortunately did not translate to a drop in rates. Despite a drop earlier in the morning, rates began to claw back those gains and actually ended up for the day... HEADLINES US HOUSING MARKET STILL 3.8M HOMES UNDERBUILT At last year's construction pace, it would take 7.5 years to close the housing gap... At least 1.6 million expected Gen Z and millennial households did not form in 2024... Persistently high mortgage rates are making people more pessimistic about the housing market... TARIFFS ON OFF ON AGAIN Trump threatens 250% tariff on Canada dairy... ECB CUTS RATES "Monetary policy is becoming meaningfully less restrictive, as the interest rate cuts are making new borrowing less expensive for firms and households and loan growth is picking up," REMINDER: Euro Area growth flatlined in fourth quarter... Goldman Sachs raises 2025 economic growth forecast for Germany, Euro area US manufacturing stable, price pressures surge ahead of tariffs storm... PENDING HOME SALES HIT LOWEST LEVEL ON RECORD! YUN: "It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months." Jobless claims hit 3-month high...