The long-term rate-indicative 10-year Treasury yield appears to have moved into a new higher trading range above 4.90%, according to Yahoo! Finance/Associated Press.Only recently had the benchmark yield begun to rise significantly outside of its previous range, which had averaged roughly around 4.75%. A notable increase in overall monthly employment that came despite an earlier downturn in mortgage jobs gave the yield its most notable recent boost to about 4.95% on Friday, June 1. It was trading slightly lower at about 4.94% as of midday Monday.
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