10-Year Treasury Yield Drops to Record Low

Mortgage & Real Estate

The 10-year Treasury yield continued to set new record lows Thursday morning due to a mix of negative economic indicators both overseas and in the domestic market.

The 10-year yield, which until fiscal concerns in Spain and Greece increased Wednesday had a 52-week low of 1.7%, dropped even further to below 1.6% Thursday morning, according to Yahoo Finance.

The Thursday morning decline follows the release of a report suggesting U.S. private sector job growth is weaker than many thought.

As of midmorning the benchmark yield had fallen at one point to as low as 1.57%.

 

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