12 September 2009

Ten Year Note at 3.28%...WoW!!

Ten-year-note yields dropped 2 basis points, or 0.02%, to 3.33%. They earlier touched 3.28%, the lowest since May 20. Yields move inversely to bond prices and mortgage rates. Benchmark 10-year notes are on track to score a fifth weekly gain after the government's sale of $70 billion in notes and bonds attracted strong demand from investors. In a nutshell, we're having some great news for interest rates. Hope the trend continues. This should be another reason for the housing market to spark up an upward trend.
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Thanks!!
Tom 

 

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