Peter Schiff: U.S. 10-year Treasury yield hits 4.96 percent, reaching 19-year high

Peter Schiff: U.S. 10-year Treasury yield hits 4.96 percent, reaching 19-year high
U.S. 10-year Treasury yield at 19-year high

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, points to the U.S. 10-year Treasury yield reaching 4.96 percent, a high last seen 19 years ago.

Schiff observes that unlike 19 years ago, when yields were declining from a previous peak near 16 percent, today’s yields are rising from lows below 1 percent, with a significantly increased debt burden for the U.S.

Schiff recently noted that the 30-year Treasury yield rose above 5.3 percent as U.S. national debt climbed past $39.9 trillion, from $8.8 trillion previously, in earlier comments. He has also addressed regulatory scrutiny, responding to allegations concerning Euro Pacific Bank’s forced shutdown and receivership in statements regarding the bank. These developments come as concerns about rising yields and fiscal pressures persist.

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