Under-40 housing fix could push Treasuries toward 10% yields, says hedge fund manager

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Source: MarketWatch
Under-40 housing fix could push Treasuries toward 10% yields, says hedge fund manager
Photo: MarketWatch
TL;DR Summary

Hedge-fund manager Russell Clark argues that making housing affordable for people under 40 would require wage growth around 7% and a real interest rate near 3%, a combination that could lift the 10-year Treasury yield to about 10% and disrupt bond markets, with private equity and private credit most at risk if cheap money reverses.

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