#billy leung

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#10-year treasury #commercial real estate #corporate debt #cresset capital #global x etfs #housing market #interest rates #jack ablin #mortgage rates #refinancing #treasury yields

Why 5% Treasury yields break things slowly, not all at once
The 10-year yield hit its highest since 2007, but the real damage comes when borrowers refinance cheap debt at much higher rates.
CNBC · 1m