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Site title: Wolf Street | The stories behind business, finance, and money

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The 2-year and 3-year yields indicate that the 10-year yield could go way higher over the next few months.

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In another 35 bigger cities, condo prices dropped by 8-14%. Mind-blowing Condo Bubbles deflate in 34 charts.

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But opaque foreign financial centers pile on Treasuries, often held by US companies and hedge funds.

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Sales were bad in all regions. But mortgage rates in August were still quite a bit lower than now.

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This was a hawkish meeting, with a unanimous vote for a hike, and more hikes indicated.

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