Friday, February 04, 2005

10 Year Bond Return Drops

Two days after the Fed made its sixth straight interest rate increase, the benchmark 10 year bond rose 23 basis points, driving rates down to 4.07%, a drop of over 2%. Mortgage rates have already been heading lower recently, and this move should continue that trend.


At 11:41 AM, Blogger Me said...

fed rate increased, so 10 yr bond increases.
Then rates go down? I don't see the correlation.


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