Robert McLister·Mortgage Rate Trends·February 3, 2011Yields Break Out Five-year bond yields closed at an 8-month high yesterday, just above short-term resistance levels. (Chart) Today they’re moving even higher in advance of Friday’s trend-setting employment reports. If tomorrow’s jobs numbers impress traders and yields continue up, the odds are good that deeply-discounted fixed mortgage rates will rise. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.