Good morning … Unless of course you were HOPING (not a strategy) for the LONG bond to have its BEST day since March 2020 … Bloomberg - Bond Rout Reignites, Unleashing Worst Day Since 2020 Turmoil Market-implied odds of another Fed hike rebound to 40%
Great Article....
The Bond Auction Blues are here....we better get used to it....
My 2 cents on Rents:
As a Renter in Arizona, for the past 5 years, I've seen rent soar at least 50 %..
True, many people are moving in to AZ, but I don't see New Rents dropping or lower.
Possibly the Rate of Increase will slow........I hope.
But there isn't any Deflation in Rents in AZ.
Rents are High as a proportion of Income and along with other Consumer Goods and
Services, makes Life much more Expensive.
The Service Sector(Travel) appears to be Booming and Inflation there is sticky. IMO