The 10-year Treasury yield rose above 5.2%, its highest level since summer 2007. The move may be manageable for Wall Street, but it is raising borrowing costs on Main Street, with mortgage rates back above 7% and auto loans climbing.
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The 10-year Treasury yield rose above 5.2%, its highest level since summer 2007. The move may be manageable for Wall Street, but it is raising borrowing costs on Main Street, with mortgage rates back above 7% and auto loans climbing.
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