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30-year US Treasury yield reportedly reached its highest level since 2002
Higher yields can raise the cost of mortgages, business loans and government financing, a September 30 post explains.
TLDR
A September 30 post said the 30-year US Treasury yield had reached its highest level since 2002. It explained that rising yields can increase borrowing costs, make safer fixed-income investments more attractive and put pressure on assets that depend on cheap money.
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