Wall Street Debates Whether 5% Yields Are Here to Stay
Wall Street is debating whether 30-year Treasury yields will mount a sustained push over the key level.
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In some parts of Wall Street, the hottest debate isn’t about a tech-stock bubble or $100-a-barrel oil. It’s whether 30-year Treasury yields will mount a sustained push over 5%.
The US government’s long-term borrowing costs briefly topped that level this week. The move has been driven, in part, by fears that consumer prices will spiral again due to the Middle East war.