They recommend selling 10-year bonds following a 17 basis point decline in yields since the start of the year, their best performance over the period since 2020. Bunds are now the most expensive they’ve been relative to short-dated interest rates swaps since March 2025, according to Barclays’ analysis.
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Lawrence Yun, chief economist at the National Association of Realtors, estimated that with rates under 6%, roughly 5.5 million more households qualify for a mortgage than a year ago. He expects a share of them to actually enter the market this year.