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