Results for: Federal Deficit

Treasury yields have witnessed a significant upward trajectory, reaching their highest levels since November 2023. This surge is having a direct impact on the U.S. mortgage market, with rates rising to their highest levels since late 2023. The 30-year fixed mortgage rate has escalated to 7.24%, leading to a decline in mortgage application activity. Meanwhile, the rising yields have amplified concerns about the burgeoning federal deficit, with some analysts expressing worries about its potential to destabilize the market. From a technical standpoint, the monthly chart for 30-year Treasury yields exhibits an ascending channel, suggesting the possibility of further yield increases. Key resistances to watch include 5% and higher, raising the potential for negative returns in bonds.

In an interview on ‘Squawk Box,’ Leon Cooperman, Chairman and CEO of Omega Family Office, shared his views on various market trends and economic issues. He discussed the ongoing market volatility, the state of the economy, and the impact of the Israel-Hamas war and its effect on ongoing protests at college campuses.

Leon Cooperman, Omega Family Office Chairman and CEO, shared his insights on various economic and social issues during an interview on ‘Squawk Box’. He discussed the latest market trends, the current state of the economy, the ongoing federal deficit problem, and the Federal Reserve’s inflation fight. Cooperman also shared his top stock picks and commented on the protests on college campuses over the Israel-Hamas war, as well as the rise of antisemitism.