Rate-indicative yields dive as partisan war ignites shutdown
American Banker·2025-10-01 15:37
A government shutdown arrived Wednesday due to an intense partisan divide in budget negotiations, prompting bond investor activity that could lower mortgage rates but otherwise challenge the housing market.Investors flooded further into the perceived safety of treasury bonds, putting downward pressure on rate-indicative yields as several government agencies pulled back "non-essential" services related to housing and furloughed workers, with potential for layoffs. The 10-year yield typically correlated with ...