U.S. borrowing costs are climbing: the 10-year Treasury yield is nearing 5%, while mortgage rates have moved back above 7%. Simon Dixon says that leaves the reserve-currency issuer facing an unusually expensive cost of capital.
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U.S. borrowing costs are climbing: the 10-year Treasury yield is nearing 5%, while mortgage rates have moved back above 7%. Simon Dixon says that leaves the reserve-currency issuer facing an unusually expensive cost of capital.
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