Treasury Yields Fall
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Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors.
1don MSN
U.S. Treasury yields are set to decline further according to bond strategists who are clinging to expectations the Federal Reserve resumes cutting interest rates after pausing for more than half a year even as dealers are set to underwrite a deluge of new supply.
Mortgage rates edged down on Thursday, closely mirroring the downward path of 10-year Treasury yields driven by weaker than expected private-sector hiring numbers.
The 10-year Treasury yield is at 4.513% and the two-year at 4.031%. (paulo.trevisani@wsj.com; @ptrevisani)
After shooting higher for two days, 30-year mortgage refi rates have now registered a two-day drop. Rates moved lower for many other refi loan types as well.