Wealthion · Thursday, August 6, 2026
Steve Hanke identifies President Trump's tariffs and the U.S. involvement in the Iran war as factors contributing to rising bond yields. He notes that these factors, along with inflation, are beginning to be priced into the market, leading to higher mortgage rates.
“The other thing I think you've got Trump's tariffs that that works into the picture and then the next thing is the US is really war on Iran and all the effects of that.”
“So so those three factors are starting to actually get priced into the market and and the bond yield is going up and and of course that affects mortgage rates because everything is geared off the 10 year bond yield the US government 10 year bond yield and including obviously mortgage rates mortgage rates are as high as they've been since since before the great financial crisis in 2008.”