The yield on 10-year Treasury notes hit 5% — the highest since 2007. Plus: Venmo ghosting, fiscal dominance, and climibing mortgage rates.
The stock market gets the movies and big headlines. But now, bond traders are having a moment in the spotlight — for better or worse.
And it’s already too expensive for many Americans.
“It's been really difficult to look at a screen for extended periods of time since then,” said Sarah Turner. “And also, I have a lot of post-stroke fatigue, so it's just really hard to make it through a day.”
When fiscal dominance is happening, monetary policymakers defer to the interests of fiscal policymakers.
Samantha Leal wrote for The Cut about how people still can’t pay each other back when one picks up a tab — even with the existence of Venmo.
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