Dollar Jumps Most Since June as 10-Year Treasury Yield Tops 5%
The dollar advanced Monday and is on course for its best day since June 17 — when the first FOMC meeting under Chairman Kevin Warsh took place.
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The dollar advanced Monday and is on course for its best day since June 17 — when the first FOMC meeting under Chairman Kevin Warsh took place.
A 10-year US Treasury yield of 5.5% represents the threshold at which higher borrowing costs would overwhelm earnings growth and begin to pressure equity valuations, according to Alain Bokobza, head of global asset allocation at Societe Generale SA.
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