11-04-2025 Rates Down Time To "Paint it Black"

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Bonds see a red stat, and they want it painted black. No colors from gurus, Bonds want them to turn black.

With lenders subsidizing mortgage rates, our target of 6.125% was reached, while the 10-year yield touched 3.94%. Our bull target remains the same at 3.80 in the 10-year yield.

The declining chance of a Dec Fed cut, tame tariffs, and fiscal discipline fuel long rates downward after the mild correction ends. A move back to 6.125% in the 30-year mortgage rates will coincide with the 10-year reaching 3.80%.

Bonds have to turn their head.

Until their darkness goes.

These views are mine.  Find out who’s painting black at TMSpotlight.com.

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Song: Paint It Black (1966) The Rolling Stones