Show notes:
TMSpotlight:
12-23-2024 "Rubber Duckie"/"Carol of the Bells" Merry Christmas!
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Oh, Rubber Duckie, Congress ducked. They made budgets lots of fun.
The day after the hawkish cut, the curve steepened, and mortgage rates rose. The lame ducks found that all the big spending ducks were not in a row because they couldn’t duck Elon's tweets. Ultimately, Congress ducked the pork and avoided the debt ceiling until March 14th.
Vo vote, votie vote.
In 2025, expect mortgage rates in the 6s ranging from 5.9 to 7.40. Additionally, the 10-year T-Note yield should expand its 2024 range of 1.14 bps to 1.50 bps. So, anticipate a trading range between 5.10 and 3.60.
Forget the duckie. Hear the Carol of the Bells. Merry Christmas
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Song 1: Rubber Duckie (1970) Sesame Street
https://www.youtube.com/watch?v=Mh85
R-S-dh8
Song 2: Carol of the Bells (1904) Lindsey Stirling’s cover 2017
"Carol of the Bells" is a popular Christmas carol, which is based on an Ukrainian New Year's song.
https://www.youtube.com/watch?v=EKkzbbLYPuI