As Dotard and his financial ‘jeeniuses’ lead us into a financial abyss, we just crossed a crucial threshold….

 

New York —  

The rise in bond yields hit a critical threshold on Monday, with the 10-year Treasury yield rising to 5%, a level not seen since 2007. The move in the key benchmark could mean higher costs for Americans who want to buy a home, finance a car or take out other loans.

The 10-year yield extended a recent surge that has pushed up borrowing costs for consumers, businesses and the US government. Yields have climbed despite efforts by Treasury Secretary Scott Bessent to quell concerns in the bond market, by buying large quantities of bonds, which only makes matters worse.




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