US Treasury Yields Hit 2007 High, Driving Up Mortgage and Auto Loan Costs
Updated
Updated · The Washington Post · May 20
US Treasury Yields Hit 2007 High, Driving Up Mortgage and Auto Loan Costs
9 articles · Updated · The Washington Post · May 20
Treasury yields have climbed to their highest levels since 2007, pushing up borrowing costs for Americans taking out mortgages and car loans.
A global bond sell-off is driving the move, as investors demand higher returns amid fears of resurgent inflation and the United States' rising debt burden.
Because Treasury yields help set benchmarks across consumer finance, the jump is feeding through from government borrowing costs to household credit.
The rise underscores how stress in the bond market is moving beyond Wall Street, tightening financial conditions for consumers across the economy.
As America’s national debt outpaces its economy, is the era of affordable mortgages and car loans over for good?
Foreign investors are backing away from U.S. debt. Who will fund the nation's spending if this critical trend continues?
With Middle East conflict driving up prices, how can American households be shielded from persistent, long-term inflation?