"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Brett House, economics professor at Columbia Business School.
There are many factors driving the recent spike in Treasury yields, economists said.
Most of the recent jump in Treasury yields is due to a so-called term premium, said Andrew Hunter, deputy chief U.S. economist at Capital Economics.
Student loans could get pricierThere is also a correlation between Treasury yields and student loans.
The government sets the annual rates on those loans once a year, based on the 10-year Treasury.
Persons:
Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Tony Dwyer, Canaccord Genuity, Freddie Mac, Eugenio Aleman, Raymond James
Organizations:
Federal, Stock, Fed, Columbia Business School, Treasury, Capital Economics
Locations:
U.S