Schiff: 5-year Treasury yield tops 5%, warns entire curve will carry 5%+ handle next year

Peter Schiff said the 5-year Treasury yield is above 5% and predicted the 2-year will follow, with the entire yield curve carrying a 5% handle or higher next year. He warned that at 5%, annual interest on the $40 trillion national debt would reach $2 trillion, 35% of tax revenue.

Detected & updated continuously · Source: Nebula