First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/09/29/looming-federal-government-funding-deadline-grabs-headlines-002836
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>Precious metals markets got hammered earlier this week as interest rates continued their relentless march higher. The 10-year Treasury note recorded its highest yield since 2007. Meanwhile, the average conventional 30-year mortgage rate surged to 7.31% – a level not seen since 2000.