JeffG @JeffG - 10d
Mortgage rates in Italy are back below 2% for a 20y fixed. 🤯 Think about that for a second. I don't know what the real inflation rate is but it's certain that the banks are losing at least 5-7% now, and swallowing the uncertainty of the next 20 years. Makes you wonder what their real incentives are...
💯 I wish I could borrow for Bitcoin!
Yup. Been here for years.
Laeserin @Laeserin - 10d
The banks are going to make a profit off of those mortgages because we're re-entering a deflationary era. The long-term Italian debt curve is heading back down.
https://www.investing.com/rates-bonds/italy-government-bonds
Here's the euro area yield curve. Some of the countries already issue longer-term paper under this curve. https://www.ecb.europa.eu/stats/financial_markets_and_interest_rates/euro_area_yield_curves/html/index.en.html
bonkers isn't it.
Oh I get how they work... I still think it's nuts.