Several indicators are now pointing towards a marginal decline in housing prices. The main reason for the drop in demand is said to be an increase in mortgage rates. Meanwhile, home listings have also dropped by 7% year on year.
Last week, the carefully monitored yield differential between the 2-year and 10-year Treasury notes inverted. The yield on two-year Treasury notes reached 2.44 %, while the yield on 10-year notes was 2.38 %.
Unicorns were rare mythical creatures back in ancient history that were deemed to be precious and a rare sight for the eye. In terms of business acumen, companies with a billion-dollar valuation are labeled as unicorns due to the rarity of attaining such valuation.