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Ten Year Treasury Rate Rallies After GDP

Stronger than expected GDP numbers today sent stocks higher, but also had the effect of boosting ten-year Treasury bond yields. On Tuesday, the ten-year Treasury hit an all-time low of 1.39%. By week-end, the bond yield was trading as high as 1.56%.

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If this rate holds steady, expect that 30-year mortgage rates will finally go up, after hitting record lows last week.