🔴 Fannie Mae is trading 4.2% down today as 10-year yields hit a 19-year high

Fannie Mae is trading 4.2% down at $5.30 as rising Treasury yields and Fed uncertainty pressure rate-sensitive shares.

• The 10-year Treasury yield reached 5.02%, a 19-year high.
• Brent crude surpassed $107 amid supply concerns.
• Investors are positioning ahead of the Federal Reserve’s September 16 policy announcement; major indexes are lower, and no new company-specific announcement clearly explains the decline.