Why lowering the yield on 10-year bonds is more important to Trump than the stock market or interest rates
Snippet of Article: "...Trump’s pledge to lower borrowing costs for Americans. Bessent has said the president’s focus is on seeing a decline in the yield on the 10-year Treasury note, the benchmark for rates in the country’s nearly $12.6 trillion mortgage market, many corporate bonds, and the government’s own interest payments. ...nearly 80% of American households have some type of debt, according to the Federal Reserve. The 10-year yield has fallen ...“More voters are impacted by interest rates than the S&P"...the agency said the average rate on a 30-year mortgage has fallen to 6.65% after surpassing the 7% threshold in early January.
...rates at their lowest levels of the year and if they continue to fall, could provide a welcome boost as the spring housing market...