The 10-year Treasury yield rises 3 basis points to 2.87% after November housing starts' surprising rise to a seasonally adjusted rate of 1.091M, 22% above the revised October rate of 889K, and up 29.6% from a year ago.
Of that 1.091M, 727K were single-family starts, up 20.8% from October.
Building permits of 1.007M were 3.1% lower than October, and 7.9% higher than a year ago. Single-family building permits of 634K were up 2.1% from October.
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