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03.21.2019

The 10-year benchmark US Treasury (US10Y) closed today at 2.53%. Rates went down to 2.55% in early January before rising back up to a 2.60%-2.70% range for most of January, February, and March. The adjustment came on the heels of Federal Reserve announcing that they will be ending their program which reduces the bonds it holds on its balance sheet. The Fed also stated that they will likely keep interest rates the same for the remainder of 2019. Strength in tech…