Interest rates shot up Wednesday, and the US government's 10-year bill exceeded a 3 percent yield, again. Why did rates jump? Mainly because Trump's decision to pull out of the Iranian nuclear deal has traders worried that the price of oil will surge. Another reason is that the Treasury Department needs to borrow more because...
Interest rates shot up Wednesday, and the US government's 10-year bill exceeded a 3 percent yield, again. Why did rates jump? Mainly because Trump's decision to pull out of the Iranian nuclear deal has traders worried that the price of oil will surge. Another reason is that the Treasury Department needs to borrow more because...
Share this Article
Recommended