What’s Up With The 10-Year Treasury Yield? AND WHY SHOULD YOU CARE? As you can see the yield is over 4.7%, that’s a number we haven’t seen since 2007. And with our national debt now nearly $100,000 for each of us the government will have to issue more bonds to pay our debt. As more bonds are out there and buyers become more unsure if we will ever pay our debt yields will rise to attract buyers. This will make banks raise interest rates to compete and lending rates will go up which hurts all economic activity. While this impacts all of us, especially us young people why should a scrap yard care? The more yields rise the more money moves into the US Dollar from foreign investors. We’ve said it a million times STRONGER DOLLAR, WEAKER COPPER
If Copper is trading at $6 why are your scrap metal prices not keeping up? And what’s the deal with aluminum and stainless pricing?
Lots of hype going on in the financial metals markets, what is real and what is hype? The headlines are stunning. Copper trading was up
