Trump-Era Fed Pick Kevin Warsh Takes Charge Of U.S. Central Bank
President Donald Trump, who has repeatedly pushed for lower interest rates, said Warsh should remain “totally independent” while leading the institution.
Banking
Housing Market Faces Pressure As Mortgage Costs Climb
The average 30-year fixed mortgage rate rose to 6.51%, the highest level since August last year.
Why Are U.S. Treasury Yields Rising So Fast
The benchmark 10-year yield also rose sharply to 4.67%, increasing pressure on mortgage rates and broader borrowing costs across the economy
What Is Driving The Global Bond Market Selloff
The 10-year U.S. Treasury yield rose to 4.601%, its highest level in 15 months, while the 30-year bond remained above 5.1%, according to market data.
