Jack Ablin: After U.S. Treasury yields break 5%, pressure may manifest in 12 to 18 months
The 10-year U.S. Treasury yield has reached a new high since 2007, and industry insiders are concerned about the impact of maintaining rates above 5% for the long term. Jack Ablin, Chief Investment Officer of Cresset Capital, stated that the real issues will emerge in 12 to 18 months, when companies and borrowers will need to refinance at the new rates.
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