Americans are about to feel the impact of soaring bond yields, Blackstone pre... #short #finance

Americans are about to feel the impact of soaring bond yields, according to Blackstone president Jonathan Gray. Higher borrowing costs, driven by rising bond yields, will affect consumers in various sectors of the economy, from mortgages to personal loans. The yield on the 10-year US Treasury has continued to rise, reaching 4.958%. This could lead to slower economic growth, as consumers may change their behavior when faced with higher borrowing costs. Some markets, such as housing, have already been affected, with mortgage rates reaching 8% for the first time since 2000.

Full title: Americans are about to feel the impact of soaring bond yields, Blackstone president says

Original article date: 2023-10-20T22:53:23Z

#short #finance #scorchai

Questions or Suggestions? Check our email on our 'about' page.