Early in the year, I took the view inflation would be contained sooner, and we would see rates reverse. That's worked for me, but as high inflation persists, I'm now leaning towards a different outcome, something like raising rates until something breaks.
US 30 yr mortgage rates hit 7% last week, more than double from early in the CY, with US bank existing loan books devalued significantly, similar to long duration bonds, as no one is going to buy that loan book at face value with average interest rate income of 3%.
More like a bed of thorns, boiled frogs and all...
Not advice, AIMO, please DYOR
PLS chart, page-9409
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Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 10000 | 1 |
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| PLS (ASX) Chart |