Higher-for-longer interest-rate policy has led to some first-time-in-a-long-time market stats. For example, the 10-year Treasury bond yield broke above 5% on Friday for the first time since 2007.
However, that’s not the only startling statistic that investors should pay attention to now. Sure, the 5% bond yield is impactful, but there’s another figure that’s bound to have ripple effects across multiple sectors of the economy and markets.
This post appeared at ValueWalk.com.