That translates into sharply higher borrowing costs for Americans looking to buy a home -- and it is only the beginning. Americans could get cars and homes and the appliances to fill them at interest rates in the low single digits. Rising Treasury yields, in turn, are cascading throughout the economy in the form of higher borrowing costs, squeezing households and businesses alike. The higher rate would add a couple of hundred dollars to her monthly payment, which she hopes to keep around $1,200. That doesn't mean people with credit-card debt won't feel the sting of higher rates.

Source: Bangkok Post April 11, 2022 07:18 UTC