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Ed Yardeni Says Fast Move In 10-Year Treasury Yield To 6% Could Cause ‘Real Cracks’ In Financial System
Stocktwits ·
Stocktwits reports: Yardeni Research President Ed Yardeni warned Thursday that a rapid rise in the 10-year U.S. Treasury yield could expose vulnerabilities in the financial system and prompt the Federal Reserve to consider liquidity facilities. In a conversation with Bloomberg, Yardeni said, “If we get to 6% very quickly, we could start to see some real cracks in the financial system.” The economist distinguished that scenario from yields reaching the same level “in a leisurely fashion,”…
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US Treasury yields rise as Fed’s Waller says more hikes needed, investors await 30-year auctionRead story summary
U.S. Treasury yields climbed higher on Thursday ahead of a closely watched long-dated bond auction later. The benchmark 10-year Treasury yield was 4 basis points higher at 5.322%, after reaching its highest level since 2002 on Wednesday before retreating later in the day. The 30-year Treasury bond yield rose over 4 basis points to 5.705%, after trading just ...
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