CHIPS News
Treasurys hit record lows; will help mortgages
Bond traders are hitting the panic button.On Friday, the 30-year Treasury bond's interest rate fell to 2.54 percent, its lowest level since December 2008 in the midst of the financial crisis. The benchmark 10-year Treasury note also hit a low of 1.46 percent, a level not seen in the last century. These rates will likely push down the cost of borrowing for homes and credit cards for all Americans.When
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