You are viewing a single comment's thread from:RE: LeoThread 2023-10-23 02:57View the full contextdrax.leo (64)in LeoFinance • 11 months ago #news Rate of 10-yr US Treasury bonds rises over 5 pct for the first time since 2007.
For someone who doesn't understand economics that well. How will this affect the market and can it affect crypto?
In short: US government is likely to need more money to pay for its obligations, which means more printing, higher inflation and higher interest rates.
Thx, easy to.un
5% on 33.5 trillion of debt doesn't seem sustainable to me...
I wonder if that is a good sign of economic recovery or of more pain to come