Housing Market Cools, Treasury Yields Drop as Recession Fears Mount
- Treasury yields fall as housing markets weaken
- Existing home sales declined 4.1% in October, more than expected
- Rent prices dropped over 1.5% in October, first decline in 5 months
- Cooling economy signals Fed may pivot to less hawkish policy
- 10-year Treasury yield at 4.397%, 2-year yield at 4.887%