Treasury Yield Curve Un-Inversion Hits Milestone on Inflation Fears, Tsunami of Supply, QT. Mortgage Rates Near 7%

The 10-year Treasury yield rose to 4.25% on Friday, up by 60 basis points from the day before the Fed’s monster rate cut (when the 10-year yield was 3.65%), and up by 5 basis points from a week ago. This 4.25% is a milestone of sorts.