Bank of America and State Street Execs Warn 5% Yields Could Chill Risky Investments

Bank of America's Jim DeMare warned 5% short-term Treasury yields could prevent capital flowing to innovative industries.

DeMare said comfortable returns at 5% would stop people making investment decisions.

His comments come as 2-year Treasury yields trade above 5% and 10-year topped 5% this week.

State Street CEO expects 10-year Treasury yields to peak at 5%, blaming inflation and debt costs.

IMF head said interest rates rose too high, too fast but are just normalizing after 20 years of fantasy lane.