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Bond yields are a vital economic indicator, affecting long-term investments like 30-year Treasury bonds and mortgages. The recent surge in yields, with the 30-year bond hitting 5% for the first time since 2007, signals a comeback for long-term bonds. The 10-year Treasury yield is closely tied to mortgage rates, impacting affordability for homebuyers. Understanding bond yields is crucial for investors and those seeking to navigate the financial landscape.

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