🇺🇸BREAKING: The US 10-year Treasury yield hits 5.13%, its highest level since July 2007.
The yield jumped as much as 18 basis points today after Fed Governor Michael Barr signaled more rate hikes are needed.
The 10-year is the benchmark for mortgages, car loans and credit cards, and the average 30-year mortgage is now above 7%.
The last time yields were this high, the Nasdaq peaked three months later and then fell 56% by March 2009.
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The yield jumped as much as 18 basis points today after Fed Governor Michael Barr signaled more rate hikes are needed.
The 10-year is the benchmark for mortgages, car loans and credit cards, and the average 30-year mortgage is now above 7%.
The last time yields were this high, the Nasdaq peaked three months later and then fell 56% by March 2009.
$SOL
$ZEC
$SD
