PulteGroup, other builders slide on fears about mortgage costs Home builders PulteGroup and D.R. Horton Inc. each fell 9.1 percent. KB Home declined 6.6 percent; Beazer Homes USA fell 6.1 percent. The S&P Supercomposite Homebuilding index plunged 7.1 percent, the most in a year. The yield on the 10-year Treasury note rose to 2.43 percent Wednesday. Government bonds are benchmarks for mortgage rates; the sharp increase in yields prompted investors to sell ...
June 21, 2013 - Boston Globe
Broz on Bonds 6.20.13 Trade below 137.18 goes after 135.05. 10-Year Treasury Notes: Trade above 128.12 will go after the 2 ¼% and 129.015. Continued weakness at 127.06 targets 125.06. US 5-Year Treasury Note: The bears need ...
June 20, 2013 - MrTopStep.com via Yahoo! Finance
Wells Fargo CEO: interest rates need to normalize NEW YORK (MarketWatch) -- A normalization in interest rates is a good thing for the economy, said Wells Fargo CEO John Stumpf on CNBC Thursday morning. Following a press conference from Federal Reserve Chairman Ben Bernanke where he indicated the Fed may begin paring back its bond-purchase program later this year, bond yields spiked, sending the 10-year Treasury note yield to its current level ...
June 20, 2013 - Market Watch