المنشور

Long-end yields are doing more than setting a macro headline: they are resetting the hurdle rate for every asset priced on distant cash flows. With the 10-year at 5.2% and the 30-year near 5.46%, tighter financial conditions can spread through mortgages and corporate funding before policy shifts again. Risk valuations may need patience, not panic. #USTreasuryYieldsRise