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With Interest Rates Rising, Prepare for Financial Drama

With Interest Rates Rising, Prepare for Financial Drama

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Interest rates have climbed. Can the financial explosions be far behind? Maybe, but often it’s not that simple.

The yield on the 10-year Treasury note rose above 5% this week for the first time since 2007. While not high by historical standards, it’s a significant move compared to less than 1%, where it was for most of 2020.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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