Mortgage rates in the United States have declined to their lowest levels since April 2025, with the 30-year mortgage rate dropping to approximately 6.58%-6.63%, providing some relief to homebuyers facing high borrowing costs. Meanwhile, U.S. Treasury yields for the 10- and 30-year maturities have risen to session highs, with the 10-year yield approaching 4.3%. In international markets, Germany's 30-year bond yield has surged to its highest point since 2011, marking a notable increase in long-term borrowing costs. The German 10-year yield recently decreased slightly by 4 basis points to 2.70%. Additionally, China's 30-year bond yield has climbed to its highest level since April 2025. These movements indicate varying dynamics in global fixed income markets, with rising long-term yields in the U.S., Germany, and China contrasting with easing U.S. mortgage rates.
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German 10-Year Bonds and United States Treasuries Continue To Rise, With The Yield On The German 10-Year Dropping 4 Basis Points To 2.70%. šš©šŖšŗšø
BUNDS, TREASURIES EXTEND GAINS; GERMAN 10Y YIELD -4BPS TO 2.70%