Long-term Treasury yields have reached their highest levels in nearly 20 years due to a sustained sell-off in the bond market. This increase in yields, which represents the interest rate the government pays to borrow money, is expected to lead to higher borrowing costs across the economy, affecting various loans including mortgages and car loans. PBS NewsHour's Amna Nawaz discussed the implications with David Lynch from The Washington Post.
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Long-term Treasury yields reach highest levels in 20 years
Long-term Treasury yields have increased to their highest levels in nearly 20 years, driven by a sell-off in the bond market. This rise in yields is likely to result in higher borrowing costs for consumers and businesses.
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