I only keep enough cash to meet EMD, and the rest I leave in normal accounts (treasury, HYSA, brokerage, etc) that I can access within 30 days to meet COE. 

The 10-year Treasury continues to trade sideways, capped by its 100-day average with support near 4.126%.If you want to talk through what this environment means for buyers, listings, or rate strategy, I’m always happy to help.— Derek

The 30-year Treasury yield popped to levels we haven’t seen since September, finishing around 4.86%.

Treasuries extended their rally, with the 10-year yield slipping to 4.10% and the front-end outperforming as two-year yields fell to 3.43%.

Yesterday, the Fed cut rates by 25 bps to 3.50%–3.75%, as expected, but added cautious guidance, a split vote, and plans to buy $40B in Treasury bills over the next month.

.📈 Technical PictureMortgage Bonds closed below the 25- and 50-day Moving Averages10-year Treasury yield is stuck between 4.20% resistance and the 100-day MA floorWith jobs + inflation data finally returning, volatility is very possible.

Shopping Spree 1:The Fed added/spent/bought $3 trillion in assets to its balance sheet in Feb 2020.Treasuries (aka the money printer), bank debt/reserves and, of course, Mortgage Backed Securities (keep reading).

This dynamic has pushed Treasury yields slightly higher to start the week, with the 10-year hovering near 4.17%, as investors recalibrate expectations for the Fed’s path beyond December.Year-End Positioning and Liquidity ConstraintsAs we approach year-end, thin liquidity and portfolio rebalancing are amplifying moves in the bond market.

If you are a cash buyer seeking income, one can expect income that is triple or quadruple treasuries and CDs, and you are holding a long term appreciating asset.  

We had expected mortgage rates to generally decline from some of the highs that we saw in the years prior," Jeana Curro, head of agency mortgage-backed securities research at Bank of America, told Homes.com.Curro and her team forecast that rates would average around 6.5% this year, based on what was happening with the 10-year Treasury yield.