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Open original source ↗Peter Schiff says the 10-year Treasury yield will soon top 5.5%.
If it does, he says mortgage rates will climb above 8%.
The 10-year is already near 5.3%, its highest since 2002.
30-year mortgage rates hit 7.24% in mid-September.
There is 46% chance the 10-year Treasury yield goes above 5.5% before 2027.
See more: https://t.co/n3tw6NW6gH
Peter Schiff is sounding the alarm on bonds again. The economist says the 10-year Treasury yield will soon break 5.5%, and if it does, mortgage rates will climb above 8%.
Read more: https://t.co/eVM9oOCGzx
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