The 10 year yield is the highest level since 2007. 20 years ago. 2 decades ago. You have to go back 20 years to get to an interest rate like this. The 30 year reached its highest level since June 2002. That is a catastrophe for anybody in this economy who's trying to borrow money. This is a catastrophe for anybody in this economy who is trying to pay a mortgage on a house. (09:01–09:07)
STATEMENT
Asserts that the 30-year yield has reached its highest level since June 2002.
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