Dan talks with Steve Holihan of Benjamin F. Edwards about the recent surge in long-term interest rates, with the 30-year U.S. Treasury yield reaching its highest level since 2004. Steve explains what Treasury yields are, why they’re rising, and what higher long-term rates can mean for consumers, businesses, borrowing costs, and the overall economy. They discuss the combination of persistent inflation and strong economic and corporate growth, along with a market that remains diversified despite uncertainty. Steve also breaks down why the Federal Reserve may raise interest rates to slow economic activity and help control inflation, while explaining the balancing act of cooling demand without weakening an otherwise resilient economy.