10-year Treasury yield just punched back above 5% after October's CPI came in hotter than expected.
Market's now pricing in higher odds of a December rate hike. Bond vigilantes are awake.
This matters because higher yields = higher borrowing costs across the board. Mortgages, corporate debt, credit cards—all of it gets more expensive.
If the Fed stays aggressive, risk assets stay under pressure. Growth stocks that rely on cheap money? They feel it first.
Keep an eye on the 5.25% level on the 10Y. That's where things get interesting.
Market's now pricing in higher odds of a December rate hike. Bond vigilantes are awake.
This matters because higher yields = higher borrowing costs across the board. Mortgages, corporate debt, credit cards—all of it gets more expensive.
If the Fed stays aggressive, risk assets stay under pressure. Growth stocks that rely on cheap money? They feel it first.
Keep an eye on the 5.25% level on the 10Y. That's where things get interesting.
