00:00Bond markets are flashing a warning not seen since before the last financial crisis.
00:04The 10-year Treasury yield jumped 50 basis points in a month, hitting about 5.2% on Friday.
00:11That breaks the 5% line last crossed in 2007, and analysts are calling it a new danger zone.
00:18The Federal Reserve raised its benchmark rate to 4%, and another hike may come before the midterms.
00:25Meanwhile, the Treasury must refinance $9.7 trillion next year, and interest payments now exceed defense spending.
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