Neel Kashkari: Treasury Yields Are Elevated, the Nat’l Debt Has Hit $40T Raising Concerns About the Cost of Borrowing

RUSH EXCERPT:
KASHKARI: "Well Margaret, if you look at the treasury, yields older high four point: seven percent, for example, on the 10 year treasury they’re high relatively recent history, the not high relative to more longer American history of the early two thousand, the 10 year treasury and the 30 year treasury or around these levels. In the nineties they were meaningfully higher than they are now and there’s no sign of treasury market dysfunction or breaking down in financial markets. There are lot of different factors that go into those treasury yields, inflation and the outlook for inflation is one of those factors that the Fed’s job, but there are many other factors like actually a. I investment government borrowing, economic growth. All of those and up going together to set these long run treasury yields,"