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

Why it matters locally: The rise in Treasury yields will likely translate into higher mortgage rates for Oregonian homebuyers and increased costs for other forms of consumer credit across the state.

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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.