As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:
The yield on the 10-year Treasury note hit a new multiyear high Wednesday, topping 3.1 percent for the first time since July 8, 2011.
The two-year Treasury note yield also notched a new multiyear high of 2.593 percent, its highest since August 11, 2008.
The article goes on to state the following:
The 10-year Treasury yield ticked higher in late afternoon trading, adding to its sizable climb over the past two days; the rate remains up roughly 10 basis points since Monday morning.
The 10-year Treasury rate is especially important given its role in helping set rates for a whole range of business and consumer loans, including home mortgages.
To weigh in on this information provided by CNBC, engage in our LIVE CHAT below. Scroll down.
For more on this story, click the "read more" button below.
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.