U.S. economy defies 5% bond yields as consumer spending and business activity surge

The U.S. economy keeps expanding while borrowing costs are rallying in a way that seems completely out of control. The rates for US Treasuries rose once again on Friday. The 10-year rate hit 5.230% at one point during the day, its highest level since June 2007. The 30-year rate moved above 5.51%, which is a...