Here's what happens to the economy when Treasury yields soar like… | HappeningNow.news

Business & Economy

Here's what happens to the economy when Treasury yields soar like they are now

Soaring Treasury yields aren't just bad for the government and its $40 trillion debt.

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Soaring Treasury yields aren't just bad for the government and its $40 trillion debt. They also threaten to raise borrowing costs, hitting everyone from homeowners to credit card users, while providing limited relief to consumers and potential benefits to banks.

Read original at CNBC

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