Yesterday’s new homes sales report triggered this entry in the NYTimes blog Upshot: (http://www.nytimes.com/2016/08/24/upshot):
“… a new report Tuesday that shows that more new homes were sold in July than in nearly a decade. Buyers purchased single-family houses at the annual rate of 654,000, the highest rate since October 2007, the government said. That is 31 percent higher than a year earlier. Those numbers are volatile and include a wide margin of error, but combined with other evidence, the United States housing market seems to be solidly on the mend in 2016.”
Here is the chart:
The ten year note was about unchanged:
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