🇺🇸 THE U.S. 10-YEAR TREASURY YIELD JUST FELL BELOW 5%
That means investors are buying U.S. government bonds aggressively enough to push borrowing costs lower.
But don't mistake this for cheap money suddenly returning.
America's benchmark borrowing rate is STILL around 5%.
Mortgages, corporate loans and the cost of financing Washington's enormous debt remain under pressure.
The yield just crossed a psychologically important line. The real question is why investors suddenly want bonds badly enough to push it there.
Writer: Oliver
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