Lates News

Siebert Financial Chief Investment Officer Mark Malek said in a report that the rise in the U.S. 10-year Treasury yield to 5% is not because something is wrong with the U.S. economy, but is accompanied by a synchronized rise in yields across other types of bonds globally. He specifically noted that Japan's 10-year government bond yield broke above 3% for the first time in 30 years. He said: "Japan, a country that once spent a generation showing the rest of the world what zero interest rates look like, has now changed too." Malek believes: "When long-term yields on all sovereign bonds in developed countries are repriced in the same direction at the same time, the market is not making a judgment against a particular borrower. The market is simply remembering something it deliberately forgot over the past fifteen yearsthat lending money to anyone for ten years is a risk, not a matter-of-course convenience."