The 10-year Treasury yield just hit a 19-year high. Worth putting that in context — we haven't seen rates this elevated since 2006, right before the financial crisis.
This matters for basically everything: equity valuations, mortgage rates, corporate borrowing costs, the dollar. When risk-free rates move this much, the entire investment landscape reprices.
Not saying it's time to panic or cheer. Just saying: pay attention. Long-term investors need to reassess what "normal" looks like now. The 2010s playbook doesn't work in a 5%+ yield world.
This matters for basically everything: equity valuations, mortgage rates, corporate borrowing costs, the dollar. When risk-free rates move this much, the entire investment landscape reprices.
Not saying it's time to panic or cheer. Just saying: pay attention. Long-term investors need to reassess what "normal" looks like now. The 2010s playbook doesn't work in a 5%+ yield world.