Home Sales: “High” Interest Rates Are Not the Problem. High Prices Are.
On Wednesday, The US government sold $39 bilion worth of 10-year notes to investors, with the high yield for the auction at 5.3 percent. There was solid demand at the auction and put to rest some fears that a rapid bond sell-off might spiral as demand for bonds deteriorated. So, Wednesday’s auction showed that bonds are unlikely to be dumped wholesale in the near future.

RLINGTON HOUSE·PUBLISHERS