#jack ablin

1 story

#10-year treasury #billy leung #commercial real estate #corporate debt #cresset capital #global x etfs #housing market #interest rates #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