Could a 5% 10-year Treasury yield be around the corner?

The Fed’s rate cuts may keep short‑term Treasury yields low, but fiscal spending and rising inflation expectations should likely push long‑term yields higher. Government deficit spending forces the Treasury to issue more debt even as the Fed’s quantitative tightening has reduced demand, driving yields up. An uptick in long‑term inflation expectations is also contributing to a higher U.S. Treasury term premium. Click to read more.