The yield on the benchmark 10-year Treasury note climbed on Tuesday as investors awaited a fresh batch of economic data and watched for clues on the path of monetary policy. The yield on the 10-year Treasury note last traded up 4 basis points to 2.9240%, while the yield on the 30-year Treasury bond rose 4 basis points to 3.1317%. Yields move inversely to …

The average rate on the popular 30-year fixed mortgage crossed 5% last week for the first time since 2018. Source link