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September 2, 2011

Staking New Rate Lows? 10yr Closes Below 2%

September 2, 2011

Staking New Rate Lows? 10yr Closes Below 2%

For the first time in history the yield on the 10-year Treasury Note closed below 2%.  It closed today at 1.996% yield. The day of the Lehman BK was the only other day it went below 2% but on that day it closed at 2.03%. We are in uncharted territory and could see record low mortgage rates.  It will take some time for investors to get comfortable with these numbers.