FARM BUSINESS NEWS
Marcia Zarley Taylor DTN Executive Editor
Tue Jun 25, 2013 05:13 PM CDT


End of an Era for Cheapest Farm Mortgages


Like Rip Van Winkle, long-term interest rates are awaking from years of deep sleep. Panic over the Fed's eventual exit from mortgage markets sent rates on the benchmark 10-year Treasuries spiraling, up from 2.14% on June 14 to 2.62% a week later. Rates are now running the highest since August 2011.
Farm mortgages at the nation's largest farm real estate lenders are responding in kind--and then some. As bond markets fell out of favor, the spread between Treasuries and Farm Credit System bonds widened, from 50-70 basis points to ...

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