10-Year Yield Rises

The long-term rate-indicative 10-year Treasury yield as of late Thursday morning had seen a notable rise to 3.56% from as low as around 3.4% Wednesday.

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Among other economic indicators that may have contributed to the move is a drop in jobless claims to a 2 1/2-year low.

Upward pressure on the bond yield, if sustained, could reverse a recent downward trend in mortgage rates.


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