Ed Yardeni Says 10-Year Bond Yields At 5% Show 'Confidence' in the Economy, Peter Schiff Says It's More Like a 'Launching Pad' to 6%
Wall Street is split on the 10-year Treasury yield briefly topping 5% Monday, days before the Fed's interest rate decision Wednesday.
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Why It Matters
When the government borrows money, it has to pay more interest. This means people see different reasons for why rates went up.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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