Interest Rate Update – March 2018

The 10-year benchmark US Treasury closed today at 2.74%. The rate is up from its 12-month low in August 2017 of 2.06%. This year’s high of 2.95% was set on February 21^st. According to a 3/28/18 article from Bloomberg written by Brian Chappatta and Edward Bolingbroke, “The turmoil around the social media company (Facebook) — and technology stocks in general — has forced 10-year Treasury yields out of a 20-basis-point range that’s held since early February.”