Higher Borrowing Costs Risks Burning a Hole Through Consumer Wallets

Victor Lei — Head of Research Economy

This is a mission that calls for a different type of bond. Bring in… Bond. Treasury Bond. But this one’s a double agent, having recently turned against the world. In the past week, the 10-year US Treasury yield crossed 5% twice, its highest in 16 years. This meteoric rise follows three decades of near-zero interest…

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