The economic consequences could be grim
NOT LONG ago, as interest rates in the rich world hovered near zero, economists debated whether their downward march was the product of a decades-, centuries- or millennia-long trend. Now the burning question is how long they will stay high. On October 18th the ten-year Treasury yield, which incorporates long-term expectations for interest rates and was below 1% as recently as 2021, hit 4.9%, its highest since 2007. The 30-year Treasury yield crossed 5% the same day.
Commercial property loans make up around a tenth of bank assets, and the value of office buildings has collapsed owing to higher interest rates and lower occupancy. Some owners have simply handed the keys to lenders. What is more, much lending has migrated in recent years from banks to other sorts of financial institutions, such as pension funds and insurance firms. They have never gone through a cycle of rising rates as big lenders before.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Everything you need to know as Lancaster Brewery Christmas Markets returnsWith free parking, a shuttle bus and entry you've no reason not to head to this market
続きを読む »
'Once in a lifetime' Jet 2 holiday deals and Christmas Markets breaks from LBAJet2.com and Jet2CityBreaks have launched a number of city breaks for discounted prices for city breaks at Christmas
続きを読む »
Manchester Christmas Markets 2023 opening and closing timesThe Manchester Christmas Markets are back for 2023. Plan your visit with our guide to opening and closing times and locations
続きを読む »
Greater Manchester pub to open winter tavern away from Christmas MarketsThe pub on Blackfriars Road has announced the opening of its Winter Tavern, with festive feasts, open fires, and brand-new Winter Cabins
続きを読む »
Manchester Christmas Markets 2023 mugs revealed - but there's a price riseThey're a distinctive part of the Manchester Christmas Markets experience - but you'll be paying a bit more for your mug this year
続きを読む »
Manchester Christmas Markets named second BEST in the UKThe city's markets beat competition from big players including Edinburgh and London, but failed to make the number one spot
続きを読む »