Yield Shock Rising----10-Year UST Breaks Out, Mortgage Rates Jump To 7-Year High

Today the US Treasury 10-year yield broke out of its recent range and surged 8 basis points to 3.08% at the close, the highest since July 2011. The price of a bond falls when its yield rises.....Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you’d need to go back to July 2011 to see worse).

 

https://wolfstreet.com/2018/05/15/us-treasury-10-year-yield-breaks-out-mortgage-rates-jump-to-highest-in-7-years/

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