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10-Year Treasury Yield Hits Highest Level Since 2002

Original: ⚡ NEWS 10-Year Treasury Yield Hits 24-Year High The US 10-year Treasury yield has reached its highest level since 2002,

The US 10-year Treasury yield has climbed to its highest level since 2002, pushing 30-year mortgage rates close to 7.5%. Commentators attribute the surge to multiple economic forces driving interest rates higher, including expectations of sustained inflation and heavy government borrowing. Rising yields are raising concerns about borrowing costs for households, businesses and the federal government, and analysts are watching closely for effects on housing affordability and wider financial markets.

Why now: Markets are reacting to a major multi-decade milestone in US borrowing costs that affects mortgages and the broader economy.

US TreasuryFederal Reserve10-year Treasury yield

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• ⚡ NEWS 10-Year Treasury Yield Hits 24-Year High The US 10-year Treasury yield has reached its highest level since 2002, pushing mortgage rates near 7.5%. This surge is attributed to five distinct economic forces driving interest rates higher, reflecting significant shifts in… · GeoWire · 3

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