Mmastodon BusinessMarkets first seen 12 h ago, last 11 h ago, peak #11
US 10-Year Treasury Yields Hit Highest Since 2002
Original: 🟠 UPDATE US 10-Year Treasury Yields Hit Highest Since 2002 Amid Inflation Concerns Average 30-year fixed mortgage rates
US 10-year Treasury yields have climbed to their highest level since 2002 as inflation concerns persist. The surge is feeding directly into borrowing costs: average 30-year fixed mortgage rates rose to 7.28% this week, up from 7.03% the previous week, according to Freddie Mac data. Rising yields and mortgage rates near multi-decade highs are putting fresh pressure on homebuyers and raising questions about the broader economic outlook.
Why now: Treasury yields reaching a two-decade high and mortgage rates above 7% have major implications for housing and the economy.
US TreasuryFreddie MacUnited States
Rank over time, top of the chart is #1. 2 snapshots from 12 h ago to 11 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/641157