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Jonathan Gray
Higher borrowing costs could soon weigh on the American consumer, Jonathan Gray warned.

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  • Consumers are about to feel the impact of soaring bond yields, Blackstone president Jonathan Gray told the FT. 
  • The yield on the 10-year US Treasury continued to rise on Thursday, edging closer to 5%.
  • Higher bond yields are raising borrowing costs all over the economy, from mortgages to personal loans.

American consumers are about to feel the sting of soaring bond yields, Blackstone president Jonathan Gray said.

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Markets, mi-exclusive, us-treasury-bond-crash, bond-yields, interest-rates, us-consumers, us-consumer-spending, us-economy-outlook, us-economy-and-markets, Spending, Savings, Blackstone
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Americans are about to feel the impact of soaring bond yields, Blackstone presi…