MONEY & MARKETS • STOCK MARKET & INVESTING
The 10-year Treasury yield cracked 5% last week for the first time since it briefly touched there in October 2023. But 5.11%… that’s the highest sustained level since June 2007. The Fed hiked to 4% on September 16, and markets are already pricing a 70% chance of another hike in October. If you bought a 10-year note two years ago when it yielded around 3.7%, that bond has lost about 10 cents on every dollar of face value. The thing you owned because it was safe has been the most painful line in your portfolio all year.
Where should you invest $100 right now?
Elon Musk just invented and patented this new AI technology…
And he's predicting it will launch a NEW industry that will grow more than 7 million percent in the coming years.
Even if he's only 10% right, that would still be enough to grow $100 into more than $700,000.
The last time the 10-year yield stayed above 5%, Bear Stearns was still a company.
