US treasuries continue to move higher, 5% did not end up being resistance in the chart….currently trading around 5.10%.
Some say this is just a sign of a growing economy, some say otherwise.
For reference, the last time the US 10yr hit 5% was back in October 2023 briefly. But we have not seen the 10yr hold a 5% yield month over month since June- July 2007 (5.10%,5%). After late July 2007 it broke down as the financial crisis started and did not hold 5% again for months.
Either way, it is an objective truth that this administration did not anticipate or want higher Interest rates given the debt balance the US government is carrying.
