There was a bit of a chill earlier this month in Treasury yields.
"At 4.35% on August 21, the 10-year Treasury rate reached its highest level since 2007 before retreating to 4.24% on August 24," wrote at the time Richard Barkham, global chief economist for CBRE. "Some economists predict that the 10-year rate could hit 4.75% or higher — more than double the 2.24% average over the past 10 years."
A few notes. According to the data at the Treasury's website, the rate at the end of August 21 was 4.34%. It may be that the 4.35% reference was an intraday rate, which would still be worth noting, but even 4.34% is a high point since November 6, 2007. By August 24, the rate was 4.23%, but that was still the highest since November 9, 2007.
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