The yield on the benchmark 10-year Treasury notes topped five percent for the first time since June of 2007. Advance Trading Risk Management Advisor Tommy Grisafi said this is significant news for the economy. “That’s a different world from what we typically talk about in grain markets, but the cost of borrowing money has gone up tremendously.” In the Advance Trading YouTube interview, Grisafi said the action with the 10-year note will ripple through the economy. “With an expensive market like this where corn and meal have come up and interest rates are expanding, livestock guys are going to take it in the chin.”
