Peter Schiff Sees US 10-Year Treasury Yield Reaching 6% by November, 30-Year Mortgage Rates Above 8%
JH Kim
Summary
- Peter Schiff said the US 10-year Treasury yield could rise to 6% by November.
- Schiff said the US 10-year Treasury yield had already reached 5.27% when he made that forecast.
- He said that if the 10-year Treasury yield rises to 6%, the rate on 30-year US mortgages could climb above 8%.
Forecast Trend Report by Period
Peter Schiff, a prominent Bitcoin skeptic, said the yield on the US 10-year Treasury note could climb to 6% by November.
Cointelegraph reported on Sept. 28 that Schiff made the forecast after noting the 10-year Treasury yield had already reached 5.27%.
He added that if the 10-year Treasury yield rises to 6%, the rate on 30-year US mortgages could also move above 8%.
Schiff did not provide specific grounds for the forecast or detail the conditions that would drive yields higher.
JH Kim
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