Gene Witt | Oct 6, 2026
The Demand for Money
Finance, Investments, Market Updates
When everyone wants to borrow at once, lenders can basically name their price. Economists often describe interest rates in simple terms: an interest rate is the price of money. Like any price, it rises when demand outpaces supply. Long-term Treasury yields are now at their highest levels in decades, and a client note from Citadel Securities argues the reason is not mainly inflation fear. The firm points to stronger US growth and competition for capital. To understand that view, it helps to look at the market from the lender's side.
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Gene Witt | Sep 29, 2026
WEEKLY MARKET & ECONOMIC COMMENTARY U.S. DEBT
Investments, Market Updates
Why long-term rates are at 19-year highs, why the 1990s playbook won’t work this time, and four ways this could play out for investors.
The 10-year Treasury yield hit 5.24% today — its highest level since the summer of 2007. The 30-year bond pushed past 5.5%, a level we haven’t seen since 2004. If you have a mortgage, a business line of credit, or a bond portfolio, you are already feeling it.
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Gene Witt | Sep 15, 2026
The Fed's Tough Decision
Market Updates, Finance
The Federal Open Market Committee (FOMC) meets this week as policymakers weigh difficult economic trade-offs. Commentators, analysts, and prediction markets generally expect the Fed to raise interest rates. While an increase could help curb inflation, it could also further strain other areas of the economy, especially housing. Mortgage rates do not look like they will be going down anytime soon, and this will mean home buyers will need to adapt by either buying smaller homes or postponing the purchase longer
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