BlockBeats news, September 16, according to CNBC, the 10-year US Treasury yield hit a new high since 2007. Industry veterans say that for investors, the market's growing concern is no longer whether a yield above 5% will immediately cause "problems" in certain areas, but where the pressure will ultimately surface if interest rates remain at this level for an extended period.
Market experts also pointed out that a benchmark yield above 5% could gradually expose vulnerabilities in the financial system, as higher borrowing costs gradually pass through to housing, commercial real estate, and highly indebted companies.
Jack Ablin, Chief Investment Officer at Cresset Capital, said: "It's important to note that a 5% yield won't break anything on the day it's reached. The real problems will emerge 12 to 18 months later, because that's when companies and borrowers will have to refinance at the new rates."

