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10-year Treasury yield climbs above 5.3% to a level not seen in 24 years

122 points · 193 comments · kaycebasques

  1. gradus_ad · · focus · HN ↗
    Stocks keep marching higher. And it's not irrational. Because the only way out of this mess (debt with high rates) is inflation.
    1. s3p · · focus · HN ↗
      Common misconception, this only affects debt that is locked in with long-term notes like the 10 year. A significant amount of debt is short term and refinances continuously, so the 10 year would go sky high if inflation climbs as investors demand a higher premium to invest with the treasury. So it doesn't evade all debt unfortunately
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