10-Year Yields Hit 19-Year Highs Due to ‘Booming' Economy, Yardeni Says
The 10-year Treasury yield hit 5.11%, the highest since 2007. Ed Yardeni says a booming US economy is driving the bond selloff.
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Why It Matters
When the economy is doing really well, people want bonds less. Bond prices fall, which makes their interest rates go up higher.
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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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