🔴 Fannie Mae is trading 10.67% down today as 10-year Treasury yield hit 5.02%

Fannie Mae is trading 10.67% down at $4.94 after the 10-year Treasury yield reached 5.02%, a 19-year high.

• Investors positioned ahead of the Federal Reserve’s September 16 policy announcement.
• Rising energy prices, persistent inflation concerns, and broader market weakness are pressuring rate-sensitive mortgage-finance shares.
• The S&P 500, Nasdaq, and Dow are also lower, reinforcing a global risk-off backdrop.