Peter Schiff Says Treasury Yields Are Headed Higher After 19-Year High, Mohamed El-Erian Warns Housing Could Feel the Pain
Economists Peter Schiff and Mohamed El-Erian flagged the 30-year Treasury yield's climb, warning of pressure on housing and borrowing costs.
When the government borrows money, it has to pay higher interest rates, which makes it more expensive for people to borrow for houses and other big purchases. Smart investors watch these borrowing costs to understand if people might buy less stuff, which could slow down the economy.
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