That rate is the 10-year US Treasury yield, a key lending benchmark for everything from mortgages to corporate debt.
"The reaction within Treasury markets was most telling yesterday," Reinking said.
AdvertisementHowever, it also means the 10-year Treasury is moving higher since the decision.
The 10-year Treasury yield is a lending benchmark for everything from home loans to corporate debt.
"That's positive for the economy, and in that case yields should be higher.
Persons:
—, Michael Reinking, Reinking, Freddie Mac, Inki Cho, Sonu Varghese, Carson, Jerome Powell's, Varghese
Organizations:
Service, Federal, Treasury, Business, New York Stock Exchange, Fed