KG on PMI's Market Shock, 10-Year Yield Near Two Decade Highs
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Bottlenecks in the supply chain indicated by a spike in PMI sent 10-year Treasury yields spiking back above 5% to levels not seen since 2007. Kevin Green talks about why the print is so significant and analyzes the reaction in equities and fixed income. He turns to the state of the housing market through MBA mortgage application data and "nibbling" he sees in housing-related stocks like KB Home (KBH) following its earnings. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us o
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