🔴 Freddie Mac is trading 4.07% down today amid rising Treasury yields

Freddie Mac is trading 4.07% down now at $4.72 amid broad market weakness and rising Treasury yields.

• The Dow is down 0.92%, the S&P 500 is down 0.41%, and the Nasdaq is down 0.67%.
• The 10-year yield is near 5%, oil prices remain elevated, and caution ahead of the Federal Reserve’s September 16 policy decision is weighing on rate-sensitive financial stocks.
• No fresh company-specific catalyst was identified on September 15; the latest listed release was its September 10 mortgage-rate update.