The 10-year Treasury gets more press than any other government security and is frequently what people refer to when they talk of Treasuries and Treasury yields. Ten-year Treasury bond movements are widely followed by investors because they serve as a benchmark for other borrowing rates, such as mortgage rates. When the 10-year yield fluctuates it can have significant implications across the financial landscape. The 10-year Treasury yield is closely watched as an indicator of broader investor confidence in US economy.
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