With Curiosity Charges Up, Get Prepared for Monetary Drama

Rates of interest have soared. Can monetary blowups be far behind? Perhaps, however typically it isn’t that straightforward.

The yield on 10-year Treasury notes topped 5% this week for the primary time since 2007. Whereas not excessive by historic requirements, it’s a huge transfer from lower than 1%, the place it was for many of 2020.