Treasury yields are holding 5-month highs
NEW YORK (AP) — U.S. Treasury yields are holding their five-month-high levels.
Prices were relatively flat Thursday on signs that the U.S. economy continues to improve. The government said Thursday that applications for unemployment benefits fell last week to 351,000, matching a four-year low.
The benchmark 10-year Treasury note was down 3 cents for every $100 invested. Its yield remained flat at 2.27 percent in the early afternoon on Thursday. That was the highest yield since Oct. 28.
Yields have been rising steadily in the last couple of weeks on signs of a rebounding economy. This doesn't bode well for the real estate market, as mortgage rates take their cues from the 10-year Treasury note and yields might come off the historic lows of recent months.
