AI Summary

Treasury yields are approaching a critical 4.8% threshold, a level that could trigger significant problems for other asset classes, said Matt Maley, chief market strategist at Miller Tabak + Co. Maley warned that rising fiscal deficits, large debt issuances, and heavy corporate borrowing are pushing long‑term yields higher. He added that Treasury Department efforts to lower rates have not yet succeeded. The note, released over the weekend, highlights ongoing concerns about the Treasury market’s stability.

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