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Treasury yield, the rate benchmark lenders use to price mortgages, auto loans, and credit card debt, edged down one basis point to 4.693% in the session. The retreat is real but narrow.
The note continues to hover near January 2025 highs, keeping consumer borrowing costs elevated across credit markets. The print 4.693% on the 10-year.
One basis point lower than the prior session marks a pullback on the tape, but the yield has not put real distance between itself and the January 2025 high-water mark.
For the setup to shift, the move would need to sustain across multiple sessions rather than read as intraday noise. What the 10-year moves The 10-year Treasury rate flows directly into household balance sheets.
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