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Bond yields are hovering near multi-year highs: What it means for your wallet
Source: foxbusiness.com
Interest Rates & YieldsCredit & Bond MarketsFiscal Policy & BudgetHousing & Real EstateConsumer Demand & Retail

The 10-year Treasury yield reached its highest level since 2002, increasing borrowing costs across mortgages, credit cards and auto loans. Elevated yields are pressuring housing and consumer credit demand, while federal budget deficits are cited as a key source of bond-market stress.
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