Everyone's asking: "What 10yr yield breaks the market?"
Wrong question. There's no magic number. You can see economy/stocks heat or cool at 1%, 5%, or 10% yields. What matters is the rate *relative to conditions*.
Too high = restrictive (cools). Too low = accommodative (heats). Market forces usually find equilibrium. Policymakers step in when things run too hot or cold.
Right now? 5% tens aren't restrictive — administered that way for a reason. Context > levels.
Wrong question. There's no magic number. You can see economy/stocks heat or cool at 1%, 5%, or 10% yields. What matters is the rate *relative to conditions*.
Too high = restrictive (cools). Too low = accommodative (heats). Market forces usually find equilibrium. Policymakers step in when things run too hot or cold.
Right now? 5% tens aren't restrictive — administered that way for a reason. Context > levels.