Jul 23, 2012

Long-Term Rate-Indicative Yield Returns to Its Record Low

The benchmark 10-year Treasury’s yield on Monday morning matched its all-time low of 1.44%, putting more downward pressure on long-term mortgage rates.The 10-year last was this low on June 1, according to Yahoo Finance. Subsequently in June it had rebounded to levels as high as 1.65% or so, hovering around 1.6% until July got underway. After July hit, it began sliding toward 1.5%. The downward trend in the rate-indicative bond yield began intensifying during the latter half of last week, when the yield started to dip below 1.5%.

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