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

Why it matters locally: Higher Treasury yields will likely increase mortgage rates for Nevada residents and businesses, impacting real estate markets across the state, including in areas served by the Las Vegas City Hall and Reno City Hall.

---

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.