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With Interest Rates Rising, Prepare for Financial Drama
With Interest Rates Rising, Prepare for Financial Drama
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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