The 10-year Treasury yield just hit 5% for the first time since 2007… | HappeningNow.news

Business & Economy

The 10-year Treasury yield just hit 5% for the first time since 2007 — is a 1970s-style ‘stagflation’ on the return?

From the pandemic to the war in Iran, the bond market has been on quite a ride to the 5% benchmark.

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For years, a 5% yield on the Treasury looked like a relic from another interest-rate era—where borrowers faced soaring loan rates. Now it’s back, capping a six-year surge from pandemic-era lows near 0.5%.

Read original at Fortune

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