10‑Year Treasury Yield Hits 4.7% Amid Fed Cuts—Implications for Startup Capital
The 10‑year Treasury yield jumped to 4.7% even as the Fed cut rates, driven by stubborn inflation expectations, solid GDP growth and renewed tariff pressures. For founders, higher long‑term rates raise the cost of capital and pressure valuation multiples. Expect tighter financing and a shift toward cash‑flow–focused fundraising.