Mark Malek: The rise of the U.S. 10-year Treasury yield above 5% is not an isolated event

Mark Malek, Chief Investment Officer of Siebert Financial, stated that the rise of the U.S. 10-year Treasury yield to 5% is not due to issues in the U.S. economy, but rather a global increase in bond yields. He pointed out that the Japanese 10-year Treasury yield has surpassed 3% for the first time in 30 years.

Malek believes that the market is re-evaluating lending out 10-year funds as a risk rather than a taken-for-granted convenience.