The world&#x27;s most-watched financial marker is hitting levels not seen in decades. So how worried should you be? Host Carmel Crimmins talks to U.S. economics editor Dan Burns about the consequences of a rise in U.S. 10-year treasury yields and what it all means for borrowers and investors. Sign up for the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reuters Econ World ⁠⁠⁠newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Catch Reuters Morning Bid ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The 5% yield

Reuters Econ World

[SPEAKER_01] So 10-year Treasury yields hit 5% recently. And it was a moment. Psychologically and financially. Because this yield is more than just the amount the US government has to pay to borrow money for 10 years. It's like the thermostat reading for where the US economy is at. And it influences borrowing costs for everyone, you and me, and businesses and governments in the US and overseas. But does it actually make a difference that it hit 5%?

[SPEAKER_01] Why get so excited about a round number? And is it so bad that the yield is rising anyway? What does it even mean? Let's try and find out. I'm Carmel Crimmins and this is Reuters Econ World. Every week we go deep on the economic principles and ideas driving the biggest news around the world. And this week's show, Treasury yields.

[SPEAKER_01] So whenever I want to dig into the US economy, I always call up our US economy editor Dan Burns. He is knowledgeable. He's affable. He's affable. And he doesn't mind getting up at the crack of dawn to record a podcast. Good morning, Dan. How are you? And have you had your coffee?

[SPEAKER_04] I'm fine, Carmel. Good to talk to you. And I'm having my green tea. Oh, good man. As you know, my wife is English and I'm an American who doesn't drink coffee married to an English woman who doesn't drink tea.

[SPEAKER_01] You're both singular, if that works as a sentence. I don't even know if it does. Dan, to take you away from your green tea, bond yields, right? So I said to you, let's do a whole podcast about why we should care about the 10-year Treasury yield being at 5%, not 50%.

The 5% yield

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The 5% yield

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.