Rates Are Low. Will Spending Follow?

Chart of the Week for September 6-12, 2002

Yields on 10-year Treasury Notes recently dipped below 4%, marking the lowest yield since 1963. This is potentially good news for the economy as prospective homebuyers, refinancers, and businesses face lower borrowing costs. Continued strength in real estate will help ensure consumers keep spending, while quality businesses can take advantage of the cheapest money in nearly 40 years to fund new investments.

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