The sharp drop in treasury prices turns into a rout. Capped by an increase of 21 basis points...

|By:, SA News Editor

The sharp drop in treasury prices turns into a rout. Capped by an increase of 21 basis points today, the yield on the 10 year has risen a staggering 116 basis points to 3.49% in the space of two months. QE may or may not be working, but higher rates cannot be helpful to the housing market.