Welcome to the New Era of Bond Yields at 5%
Treasury yields have surpassed 5%, a shift expected to increase borrowing costs for mortgages, car loans, and credit cards. This trend is impacting consumers beyond the financial sector.
Treasury yields are surging past 5%, threatening to push up borrowing costs on everything from mortgages and car loans to credit cards. Ruth Carson explains why the impact is being felt far beyond Wall Street and the US. (Source: Bloomberg)
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