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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 9 Oct 2023 - - - #### BREAKING: Average interest rate on a 30-year mortgage rises to 7.93%, its highest since July 2000 Since January 2021, less than 3 years ago, interest rates have gone from 2.65% to 7.93%. This means that homebuyers just 3 years ago would see their interest rate TRIPLE if they decided to move. This is exactly why existing home sales are at their lowest since 2010. The average new home is about to cost LESS than the average existing home for the first time since 2005. You know something is wrong when old costs more than new. Why sell if your mortgage rate triples? From The Kobeissi Letter [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![BREAKING: Average interest rate on a 30-year mortgage rises to 7.93%, its highest since July 2000](https://blog.syzgroup.com/hubfs/1696700525729.jpg) ![BREAKING: Average interest rate on a 30-year mortgage rises to 7.93%, its highest since July 2000](https://blog.syzgroup.com/hubfs/1696700525729.jpg) 9 Oct 2023 - - - #### Looking at the September US payroll numbers through another lens Unadjusted total payrolls rose by 585K and yet private payrolls dropped by 399K. All of the unadjusted jobs in September came from the government, which added a whopping 984K jobs (mostly teachers). What if all the mess in Washington (shutdowns, political gridlock in Congress, etc.) and rising cost of debt put a cap on the fiscal support? Where are the jobs going to come from? Source: www.zerohedge.com, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![Looking at the September US payroll numbers through another lens](https://blog.syzgroup.com/hubfs/1696672361349.jpg) ![Looking at the September US payroll numbers through another lens](https://blog.syzgroup.com/hubfs/1696672361349.jpg) 6 Oct 2023 - - - #### Robin Brooks tweet: "In the first 8 months of 2023, German exports to Kyrgyzstan were up 1400% from the same period in 2019 A lot of these goods - mostly cars and car parts - never ends up in Kyrgyzstan, but go directly or indirectly to Russia" [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) ![Robin Brooks tweet: ](https://blog.syzgroup.com/hubfs/1696580500464.jpg) ![Robin Brooks tweet: ](https://blog.syzgroup.com/hubfs/1696580500464.jpg) 6 Oct 2023 - - - #### Interesting FT article on UK neobanks: "UK fintech: neobanks may end up blending in" Low fees mean profits have remained elusive. But higher interest rates are now compensating for that, not least with better returns on client money put out on deposit. Satisfaction scores by customers are also much higher than traditional banks. Some lessons need to be learned. Source: https://lnkd.in/emZyY76d [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Interesting FT article on UK neobanks: ](https://blog.syzgroup.com/hubfs/1696573410966.jpg) ![Interesting FT article on UK neobanks: ](https://blog.syzgroup.com/hubfs/1696573410966.jpg) 6 Oct 2023 - - - #### Open interest for bullish call contracts has soared to an all-time high for $TLT Traders see an end to the market rout that has led to TLT’s longest streak of weekly losses since 2022. Source: Credit From Macro to Micro [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Open interest for bullish call contracts has soared to an all-time high for $TLT](https://blog.syzgroup.com/hubfs/1696542086398.jpg) ![Open interest for bullish call contracts has soared to an all-time high for $TLT](https://blog.syzgroup.com/hubfs/1696542086398.jpg) 6 Oct 2023 - - - #### U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years Source: barchart [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years](https://blog.syzgroup.com/hubfs/1696531018647.jpg) ![U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years](https://blog.syzgroup.com/hubfs/1696531018647.jpg) 5 Oct 2023 - - - #### The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began](https://blog.syzgroup.com/hubfs/1696507697150.jpg) ![The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began](https://blog.syzgroup.com/hubfs/1696507697150.jpg) 5 Oct 2023 - - - #### The impacts of rising interest rates on the costs of your mortgage over the life of the loan In the US, A $400,000 house now costs over $1,000,000, with interest rates now at 7.7% from 3%. Source: WallStreet Sliver [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The impacts of rising interest rates on the costs of your mortgage over the life of the loan](https://blog.syzgroup.com/hubfs/1696490227562.jpg) ![The impacts of rising interest rates on the costs of your mortgage over the life of the loan](https://blog.syzgroup.com/hubfs/1696490227562.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/166) [165](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/165) [166](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/166) [167](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/167) [168](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/168) [169](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/169) [❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/168) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/170?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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