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المصري اليوم
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US bond yields rise above 5 percent
U.S. 10-year bond yields rose above 5%, reaching their highest level since July 2007, amid growing concerns over inflation, rising energy prices, and increasing debt levels. This situation impacts emerging markets, where hot money flows may decline, exerting downward pressure on the Egyptian pound—especially if outflows are significant—and adding strain on the exchange rate due to factors such as tourism revenues, worker remittances, and foreign investment. This occurs in the context of Egypt's policy of offering high returns to attract investments, with interest rates on deposits raised to 19%.
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