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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, warns that ten-year Treasury yields have climbed to a new 19-year high, rising above 5.08 percent.
He highlights that this increase has been both orderly and relentless, with no sign of stopping due to the persistent risk of inflation eroding the value of both interest and principal payments.
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Earlier this month, Schiff noted that the U.S. 10-year Treasury yield had reached 4.96 percent, the highest level in 19 years, marking a shift in the direction of the trend as detailed in a previous update. He has also commented on recent cryptocurrency activity, observing Bitcoin's rally after the Yom Kippur break in a separate report. These remarks provide additional context to his ongoing market commentary.