Why a 10-year bond at a 5% yield is a pretty big deal
Summary
Marketplace reports that 10-year Treasury yields crossed 5% due to inflation and Middle East tensions, potentially raising mortgage and car loan rates. The segment also covers the Federal Reserve’s upcoming meeting, where markets expect a rate hike despite President Trump’s calls for cuts. Additionally, economists Eric Zwick and Owen Zadar discuss their book, The Everywhere Millionaire, revealing that most U.S. wealth is held by small business owners rather than tech billionaires, highlighting broader pathways to the American dream.
Topics discussed
Sponsor: Hard Lessons podcast from Morgan Stanley
Sponsor: Odu business software platform
10-year Treasury yield hits 5% and impact on consumer loans
Fed meeting preview and how rate hikes affect inflation
Sponsor: Hard Lessons podcast from Morgan Stanley
Sponsor: Pega AI platform for enterprises
Interview: The rise of 'Main Street' millionaires and wealth inequality
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