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Higgins Capital Management, Inc.

Yields Climbing, Credit Freezes and Arts Festival

The Economy:  Thursday saw a VERY BIG move higher in yields.  This is good for savers, bad for borrowers.  Yields on the 10y treasury hit highs not seen since 2011; we care because mortgage rates are based off the 10y yield.  All borrowing costs will increase as rates head higher.  Treasury yields are higher after a week of mostly strong economic data and concern the Federal Reserve will continue to hike rates. 

Food for Thought: A new law has been passed that makes credit freezes free and fraud alerts last for 1 year.  Here are some answers to FAQs on the new credit law.

Mixing Business with Pleasure: The La Jolla Art Festival is this weekend, Sat and Sun from 10-6PM.  It is located on Girard between Torrey Pines Road and Prospect with artists, food, music, etc...