Jim Bianco Says Bond Investors Need a Rate Hike as 30-Year Treasury Yield Hits 5.15%: 'When the Fed Starts Panicking, I Can Stop Panicking'
As 30-year Treasury yields hit 5.15%, Jim Bianco warns a July 29 Fed rate hike is needed to calm markets and stop bond investor panic.
A money expert thinks the Federal Reserve needs to raise interest rates to help calm worried bond investors. When you see bond yields getting very high, it sometimes means investors are nervous about the future.
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