Treasury Yields Head To 'Danger Zone': Analyst Forecasts Potential Spike To 5%, Disorderly Sell-Off For Markets
Treasury Yields Head To 'Danger Zone': Analyst Forecasts Potential Spike To 5%, Disorderly Sell-Off For Markets
Yields on the 10-year Treasury note have ascended to a striking 4.70% this month, the highest mark since early November 2023 amid a toxic mix of higher inflation, a stubbornly resilient economy and revised expectations around Federal Reserve rate cuts.
Adding to the unease, Fed Chair Jerome Powell recently indicated the latest economic data does not bolster confidence that inflation will converge towards the …