Siebert Financial CIO Mark Malek said in a report that the U.S. 10-year Treasury
yield rising to 5% is not due to a U.S.-specific economic problem but reflects a
synchronized upswing in global bond yields. He noted Japan's 10-year yield has
topped 3% for the first time in 30 years. Malek said: 'When long-term yields of
all developed sovereigns reprice together, the market is not judging any single
borrower; it is simply remembering what it has spent the past 15 years
deliberately forgetting — that lending for ten years is a risk, not a
convenience.'
