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What’s behind the drop in long-term Treasury rates?

Last week was what the military calls “target rich.”The first: Long-term rates on Wednesday broke out of the bottom of a range, 2.30-2.60 percent, which has held since November.The 10-year T-note dropped to 2.23 percent, taking low-fee mortgages almost to 4.00 percent.The 10-year T-note at the end of last week; the sharp break below 2.30% […]

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