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Where were markets the last time Fed hiked rates?

The last time the Federal Reserve implemented a series of interest rate hikes — in 2004 — the world was a different place. Yields were higher, the dollar was weaker, and NASDAQ had a steep recovery from the tech bubble.

As the Fed prepares for yet another potential series of rate hikes more than a decade later, CNBC takes a look back at the state of the markets in 2004.

See more key stats here:

  • US 2-year note yielded 2.6793 vs. current levels of 0.964 percent.
  • US 5-year note yielded 3.768% vs. current levels of 1.696 percent.
  • US 10-year note yielded 3.5161% vs. current levels of 2.259 percent.
  • US 30-year note yielded 5.2903% vs. current levels of 2.99 percent.
  • As of June 24, 2004, a fixed 30-year mortgage rate stood at 6.25 percent. As of Dec. 10, 2015, the mortgage rate stands at 3.95 percent.
  • Dow closed at 10,435.48, slightly positive on the day.
  • S&P closed at 1,140.84, slightly positive on the day.
  • NASDAQ closed at 2,047.79, up slightly for the day.
  • Euro was at $1.2185 dollars per euro vs. current levels of about 1.0918 dollars per euro.
  • Dollar Index closed at 88.80, slightly negative for the day.
  • WTI settled at $37.05 vs. today's level of $37.63, almost even.
  • Brent settled at $34.50 vs. today's level of 39.40.
  • Gold settled at $393 vs. current level of $1,065.
  • As of Q2 2004, GDP stood at 2.96 percent, vs. Q3 2015, it stands at 2.07 percent.
  • June 2004 unemployment stood at 5.59 percent vs. current levels at 5 percent.