At 2.7% yields on 10-year Treasuries have barely begun to rise. Once we break above 3.1%, a move to 4% will happen quickly, absent a Fed policy reversal to slow the rise. A break above 4% could send yields soaring higher, implying disaster for financial markets and the economy.

At 2.7% yields on 10-year Treasuries have barely begun to rise. Once we break above 3.1%, a move to 4% will happen quickly, absent a Fed policy reversal to slow the rise. A break above 4% could send yields soaring higher, implying disaster for financial markets and the economy.

— Peter Schiff (@PeterSchiff) January 29, 2018