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A 5% Treasury Yield Changes the Argument
Episode 873
Published 1 month, 1 week ago
Description
The most important number in Tuesday's market is 5%. The yield on the 10-year Treasury crossed that threshold, reaching 5.041%, its highest level since 2007, before settling near 5.03%. That does more than make mortgages and corporate loans more expensive. It forces investors to reconsider how much they should pay for nearly everything.
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