𝙐𝙎 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙮 𝙮𝙞𝙚𝙡𝙙𝙨 𝙧𝙞𝙨𝙚 𝙖𝙢𝙞𝙙 𝙜𝙚𝙤𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙩𝙚𝙣𝙨𝙞𝙤𝙣𝙨
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The 10-year US Treasury yield has climbed to around 4.7%, near the upper end of its five-year range. Higher yields tighten financial conditions and raise discount rates for risk assets.

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