The yield on the 10-year Treasury is 4.6%. When it hits 5%, it will be the highest yield since July 2007. However, back then the U.S. national debt was barely $9 trillion. Now it’s nearing $40 trillion, more than 4X as high. Rising interest rates are a much bigger problem now.
Rising Treasury yields are a bigger problem now because the U.S. national debt is nearly $40 trillion, over four times higher than when yields were last at 5% in 2007.
The yield on the 10-year Treasury is 4.6%. When it hits 5%, it will be the highest yield since July 2007. However, back then the U.S. national debt was barely $9 trillion. Now it’s nearing $40 trillion, more than 4X as high. Rising interest rates are a much bigger problem now.
The yield on the 10-year Treasury is 4.6%. When it hits 5%, it will be the highest yield since July 2007. However, back then the U.S. national debt was barely $9 trillion. Now it’s nearing $40 trillion, more than 4X as high. Rising interest rates are a much bigger problem now.
🚨 UPDATE: Peter Schiff warns rising rates are a bigger problem as the 10-year Treasury yield reaches 4.6% and US debt nears $40 trillion. https://t.co/RhgCDOLdIL