Mortgage rates surge to highest level since 2023 as bond yields spike

Impact · against what's priced in

The surge in mortgage rates and the 10-year Treasury yield to 5.23% reinforces the current discounted valuation of GOOGL, as the market already assumes high discount rates and no near-term relief. The news confirms a macro environment that suppresses valuation multiples, resulting in no net change to the stock's price trajectory.

GOOGL−0.05

Already priced in

The price assumes

Higher discount rates and macro uncertainty, reflected in the 4.8% 10-year Treasury yield

The article reports the 10-year Treasury yield has risen to 5.23%, which confirms and slightly extends the assumption that the price already pays for high discount rates (previously 4.8%).

What GOOGL's price assumes · Sep 2

• treasury yields
• GOOGL
• bond yields
• borrowing costs
• freddie mac
• housing market
• mortgage rates

Search tags