After climbing rapidly in recent weeks, the yield of 10-year US treasury bond bonds hit 5% on Monday, the first time in 16 years. At a time when the US economy is showing astonishing resilience, this is one of several borrowing cost indicators that may drag down the economy, including other long-term government bonds, home mortgages, credit cards, car loans, and commercial loan costs.
In addition to rising interest rates, the US economy also faces other potential ...
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