U.S. 10-year Treasury yields hit 5.3493%, the highest in 24 years, before easing to 5.343%, up 6.59 bps. The jump adds pressure to mortgage and auto loan rates as traders price in a roughly 90% chance of a Fed hike next week.
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U.S. 10-year Treasury yields hit 5.3493%, the highest in 24 years, before easing to 5.343%, up 6.59 bps. The jump adds pressure to mortgage and auto loan rates as traders price in a roughly 90% chance of a Fed hike next week.
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