Treasury Yields Reach Two-Decade Highs, Raising Consumer Borrowing Costs

Why it matters locally: Rising Treasury yields are expected to increase mortgage rates for Wisconsin homebuyers and impact borrowing costs for businesses and local governments across the state, including for projects managed by entities like the City of Milwaukee City Hall or the Dane County Sheriffs Office.

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Treasury bond yields reached two-decade highs, a development that translates into increased borrowing costs for consumers. This rise particularly affects the mortgage market. Simultaneously, international headlines concerning Iran have influenced global oil prices, introducing volatility to the market.