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10-year Treasury yield hits 2002 high, raising mortgage and loan costs
The 10-year bond yield hit its highest level since 2002, impacting mortgage rates, credit cards, auto loans and housing as the market faces pressure from federal budget deficits.
The yield on the 10-year Treasury hit the highest level since 2002 during Thursday's trading session as higher borrowing costs impact the economy of large and impact households.
Yields on longer-dated Treasurys have risen this year amid the geopoliti... [2763 chars]
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