Treasuries declined as a rebound in stocks reduced demand for the safest assets and some investors bet gains that pushed the two-year yield to a record low weren’t justified. Ten-year securities snapped a three-day rally that left the yield 21 basis points lower. Futures on the Standard & Poor’s 500 Index rose 0.4%, signaling the measure may rebound after losing 2.9% on July 16. The US economy will probably grow 3.1% this year after a 2.4% contraction in 2009.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.