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Open original source ↗BREAKING: The bond sell-off is starting to hit corporate America.
Companies are being forced to rethink how and when they borrow, and the weakest, lowest-rated businesses now face a rising risk of default. per FT
The 10-year Treasury yield recently hit 5.34%, and the 30-year hit 5.70%, both the highest since 2002.
Corporate America is feeling the bond sell-off as rising Treasury yields force companies to rethink their borrowing plans.
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