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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Summary
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.
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