It was the same old story for the Monthly Treasury Average, which again fell to a new record low.
This time the index dropped to 0.21750 percent, according to data released Monday by the Federal Reserve and analyzed by Mortgage Daily.
As has been the case each month for what seems to be an eternity, it was the lowest level on record for the index. That conclusion was based on data going back to 1953.
The prior month the MTA fell to 0.23083 percent, while it was 0.34167 percent during September 2010.
The index is calculated by first determining the daily average of the one-year Treasury yield for each of the past 12 months then averaging the 12 months.
In September the daily average was 0.10 percent.
The one-year Treasury yielded 0.12 percent at today’s close based on Department of the Treasury data.
