AxiosCenter·
It's a 5% world. We're just living in it
The cost of borrowing money is moving unrelentingly higher , with profound implications for savers, borrowers and the U.S. government's fiscal outlook. The big picture: The bond market moves over the last few weeks have pushed most risk-free interest rates north of 5%. Barring a rapid reversal, expect pain to come in interest-sensitive sectors like housing, new stress on federal government finances and greater risks of financial disruption. It is better news for savers, who have taken paper los…
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