The 10 year yield has shot up like a rocket lately and its now flirting with 5% yields. It wasn't long ago when a 5%+ yield was par the course, but the main difference is our debt/GDP ratio is at historic highs these days. Will this limit the level that the 10 year yield can achieve in this current economic environment? Is it possible we so 6%+ in this cycle, or will something break long before that?
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