Treasury two-year notes reach their 5 months High as the U.S. economy unexpectedly lost jobs in December, giving a signal that the labor market has yet to emerge from its worst slump since World War II.
Between 2- and 10-year U.S. debt the yield difference has been expanded to near the most ever before that the Treasury sells $84 billion in notes and bonds next week.
Again there has been a fall in the U.S. long-term fixed mortgage rates. The rates fell for the third time in four weeks. The rates have slid down up to lowest level in six-weeks.
In the week ended on July 9, the average 30-year rate have declined to 0.12 % point to 5.20 %, it was said by Freddie Mac on Thursday.
The rate was 6.37 % a year earlier; it is said by the second-largest U.S. home funding company.
In a statement it was said by Frank Nothaft, Freddie Mac’s chief economist, that the Interest rates for 30-year fixed-rate mortgages have fallen for the second week in a row to the lowest level in six weeks amid market concerns over a weakening labor market.
