(AURN News) — Let’s talk Treasury yields and why Americans need to be paying attention.
Treasury yields are the interest rates the U.S. government pays when it borrows money. They also help determine how expensive it is for consumers to borrow money for things like homes, cars and credit cards.
When Treasury yields go up, loans usually cost more, making life more expensive for the average American.
As the affordability crisis continues across the country, the U.S. is seeing troubling trends in Treasury yields.
This week, 30-year Treasury yields reached their highest levels in nearly 20 years.
Translation: The last time the country saw yields this high was before the 2008 financial crisis.
Click play to listen to the AURN News report from Jamie Jackson:
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